6 Grove StreetHallowellME04347
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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 Hallowell at 6 Grove Street, Hallowell, ME, 04347 priced at $350,000 converts $2,340/mo rent into $131/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,340/mo, and annual cash flow totals $1,574/yr on $116,025 invested. Return on cash invested prints 21.27% in year one, and rental yield reads 8.02% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 110.31% and total cumulative return in cash sums $127,982. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,340/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04347, Hallowell, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,447 (100%) |
| Owner Occupied HU | 765 (52.9%) |
| Renter Occupied HU | 534 (36.9%) |
| Vacant Housing Units | 148 (10.2%) |
| Median Home Value | $296,115 |
| Average Home Value | $294,373 |
Housing Distribution
Address Breakdown
Residential
1,486
Single Family
1,171
Multi-Family
315
Businesses
193
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