55 Lake StreetNew VineyardME04956
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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
Investment property for sale in New Vineyard at 55 Lake Street, New Vineyard, ME, 04956 uses $91,163 cash to close to unlock $2,153/yr annual cash flow and $179/mo monthly cash flow. Total monthly income runs $1,915/mo, and a $1,346/mo payment keeps the spread at $179/mo. Purchase price stands at $275,000, and rental yield measures 8.36% with $1,915/mo rent. Return on cash invested shows 22.27% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 115.69% and total cumulative return in cash records $105,467. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,915/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 2003
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04956, New Vineyard, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 475 (100%) |
| Owner Occupied HU | 273 (57.5%) |
| Renter Occupied HU | 39 ( 8.2%) |
| Vacant Housing Units | 163 (34.3%) |
| Median Home Value | $253,571 |
| Average Home Value | $251,126 |
Housing Distribution
Address Breakdown
Residential
239
Single Family
239
Multi-Family
0
Businesses
14
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Listed by: N/A • Keller Williams Realty
Mls Name: Maine Listings
Mls ID: #1648947