580 Pleasant StLewistonME04240
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Lewiston rentals match the income profile of 580 Pleasant St, Lewiston, ME, 04240. Listed at $100,560, gross rent is $3,205/mo and net cash flow is $2,428/mo, a 38.25% yield well above national averages. DSCR 7.09 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $27,783 by year five with $926/yr in annual principal reduction, projecting $195,093 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 38.3% | 6.2% |
| Monthly Cash Flow | $2,428 | $450 |
City averages based on Lewiston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,205 |
| Total Monthly Debt Service | $737 |
| DSCR Ratio | 4.35x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Apartment
Built in 1932
5.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04240, Lewiston, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,860 (100%) |
| Owner Occupied HU | 7,772 (46.1%) |
| Renter Occupied HU | 7,750 (46.0%) |
| Vacant Housing Units | 1,338 ( 7.9%) |
| Median Home Value | $245,673 |
| Average Home Value | $272,189 |
Housing Distribution
Address Breakdown
Residential
15,582
Single Family
13,292
Multi-Family
2,290
Businesses
1,153
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
Apartment
Built in 1932
5.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04240, Lewiston, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,860 (100%) |
| Owner Occupied HU | 7,772 (46.1%) |
| Renter Occupied HU | 7,750 (46.0%) |
| Vacant Housing Units | 1,338 ( 7.9%) |
| Median Home Value | $245,673 |
| Average Home Value | $272,189 |
Housing Distribution
Address Breakdown
Residential
15,582
Single Family
13,292
Multi-Family
2,290
Businesses
1,153
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices