6 Spring StreetMiloME04463
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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 Milo at 6 Spring Street, Milo, ME, 04463 generates $1,066/mo in rent and, after a $680/mo payment, leaves $189/mo in cash flow. Total monthly income is $1,066/mo, and annual cash flow is $2,269/yr on $46,079 invested. Return on cash invested sits at 24.83% in year one, and rental yield is 9.2% on a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 129.5% and total cumulative return in cash sums $59,672. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,066/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04463, Milo, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,973 (100%) |
| Owner Occupied HU | 1,004 (50.9%) |
| Renter Occupied HU | 332 (16.8%) |
| Vacant Housing Units | 637 (32.3%) |
| Median Home Value | $113,384 |
| Average Home Value | $200,294 |
Housing Distribution
Address Breakdown
Residential
1,401
Single Family
1,320
Multi-Family
81
Businesses
72
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