6 Tanager Lane #18Cape ElizabethME04107
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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 Cape Elizabeth at 6 Tanager Lane #18, Cape Elizabeth, ME, 04107 priced at $845,900 pairs $3,090/mo rent with after a $4,140/mo payment. Total monthly income equals $3,090/mo. Return on cash invested is 10.37% in year one, and rental yield stands at 4.38% on a $845,900 basis. Equity gained on principal adds $5,458/yr, and 5% annual appreciation accumulates to $233,707 by year five. Five-year ROI measures 51.79% and total cumulative return in cash reaches $144,138. For financing, Ziffy Mortgage’s DSCR program evaluates $3,090/mo property income against a $4,140/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2015
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04107, Cape Elizabeth, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,176 (100%) |
| Owner Occupied HU | 3,424 (82.0%) |
| Renter Occupied HU | 419 (10.0%) |
| Vacant Housing Units | 333 ( 8.0%) |
| Median Home Value | $683,369 |
| Average Home Value | $814,860 |
Housing Distribution
Address Breakdown
Residential
4,115
Single Family
4,040
Multi-Family
75
Businesses
70
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Listed by: N/A • Locations Real Estate Group LLC
Mls Name: Maine Listings
Mls ID: #1633741