544 Point RoadHANCOCKME04640
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in HANCOCK at 544 Point Road, HANCOCK, ME, 04640 priced at $299,000 converts $2,161/mo rent into $274/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,161/mo, and annual cash flow totals $3,293/yr on $99,119 invested. Return on cash invested prints 23.23% in year one, and rental yield reads 8.67% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 120.85% and total cumulative return in cash sums $119,782. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,161/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 1865
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04640, Hancock, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,416 (100%) |
| Owner Occupied HU | 798 (56.4%) |
| Renter Occupied HU | 248 (17.5%) |
| Vacant Housing Units | 370 (26.1%) |
| Median Home Value | $317,054 |
| Average Home Value | $384,283 |
Housing Distribution
Address Breakdown
Residential
1,197
Single Family
1,197
Multi-Family
0
Businesses
96
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