60 Colley Hill RoadGrayME04039
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
Investment Highlights
Rental property for sale in Gray at 60 Colley Hill Road, Gray, ME, 04039 priced at $449,999 converts $3,317/mo rent into $477/mo cash flow after a $2,203/mo obligation. Total monthly income equals $3,317/mo, and annual cash flow totals $5,718/yr on $149,175 invested. Return on cash invested prints 23.74% in year one, and rental yield reads 8.85% against a $449,999 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,326 by year five. Five-year ROI reaches 123.56% and total cumulative return in cash sums $184,325. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,317/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Single Family
Built in 2002
1.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04039, Gray, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,133 (100%) |
| Owner Occupied HU | 2,977 (72.0%) |
| Renter Occupied HU | 636 (15.4%) |
| Vacant Housing Units | 520 (12.6%) |
| Median Home Value | $384,411 |
| Average Home Value | $424,645 |
Housing Distribution
Address Breakdown
Residential
3,394
Single Family
3,350
Multi-Family
44
Businesses
305
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Summit Real Estate
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1602354
Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782