60 Elm StreetEast MillinocketME04430
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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
Investment property for sale in East Millinocket at 60 Elm Street, East Millinocket, ME, 04430 uses $57,979 cash to close to unlock $963/yr annual cash flow and $80/mo monthly cash flow. Total monthly income runs $1,184/mo, and a $856/mo payment keeps the spread at $80/mo. Purchase price stands at $174,900, and rental yield measures 8.12% with $1,184/mo rent. Return on cash invested shows 21.57% in year one, and 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 111.97% and total cumulative return in cash records $64,920. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,184/mo property income covering a $856/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04430, East Millinocket, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 862 (100%) |
| Owner Occupied HU | 576 (66.8%) |
| Renter Occupied HU | 183 (21.2%) |
| Vacant Housing Units | 103 (11.9%) |
| Median Home Value | $70,556 |
| Average Home Value | $109,588 |
Housing Distribution
Address Breakdown
Residential
765
Single Family
752
Multi-Family
13
Businesses
50
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Listed by: N/A • Realty of Maine
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1605091
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. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782