565 Patten DriveHermonME04401
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Hermon at 565 Patten Drive, Hermon, ME, 04401 earns $170/mo cash flow from $3,319/mo rent with a $2,442/mo payment. Total monthly income totals $3,319/mo, and annual cash flow totals $2,041/yr on $165,419 capital. ROI tracks 21.14% on current figures, and rental yield reads 7.98% at a $499,000 purchase. Equity gained on principal adds $3,220/yr, and 5% annual appreciation supports $137,865 over five years. Five-year ROI reaches 109.64% and total cumulative return in cash sums $181,362. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,319/mo property income instead of your personal income.
Single Family
Built in 1986
1.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04401, Bangor, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,989 (100%) |
| Owner Occupied HU | 11,478 (52.2%) |
| Renter Occupied HU | 8,838 (40.2%) |
| Vacant Housing Units | 1,673 ( 7.6%) |
| Median Home Value | $297,425 |
| Average Home Value | $331,226 |
Housing Distribution
Address Breakdown
Residential
20,842
Single Family
18,666
Multi-Family
2,176
Businesses
2,184
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices