588 Banton RoadPalermoME04354
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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 Palermo at 588 Banton Road, Palermo, ME, 04354 generates $0/mo in rent, after a $2,834/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -2.96% in year one, and rental yield is 0% on a $579,000 entry. Equity gained on principal adds $3,736/yr, while 5% annual appreciation builds toward $159,967 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
5.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04354, Palermo, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 945 (100%) |
| Owner Occupied HU | 597 (63.2%) |
| Renter Occupied HU | 60 ( 6.3%) |
| Vacant Housing Units | 288 (30.5%) |
| Median Home Value | $332,415 |
| Average Home Value | $353,354 |
Housing Distribution
Address Breakdown
Residential
695
Single Family
695
Multi-Family
0
Businesses
20
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No similar rental properties found nearby.
Nearby investment properties with comparable prices