60 Main Street #1StoningtonME04681
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 Stonington at 60 Main Street #1, Stonington, ME, 04681 priced at $325,000 pairs $2,131/mo rent with $80/mo cash flow after a $1,591/mo payment. Total monthly income equals $2,131/mo, and annual cash flow comes to $955/yr on $107,738 invested. Return on cash invested is 20.8% in year one, and rental yield stands at 7.87% on a $325,000 basis. Equity gained on principal adds $2,097/yr, and 5% annual appreciation accumulates to $89,792 by year five. Five-year ROI measures 107.77% and total cumulative return in cash reaches $116,113. For financing, Ziffy Mortgage’s DSCR program evaluates $2,131/mo property income against a $1,591/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1900
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04681, Stonington, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 969 (100%) |
| Owner Occupied HU | 400 (41.3%) |
| Renter Occupied HU | 127 (13.1%) |
| Vacant Housing Units | 442 (45.6%) |
| Median Home Value | $428,947 |
| Average Home Value | $536,944 |
Housing Distribution
Address Breakdown
Residential
372
Single Family
372
Multi-Family
0
Businesses
57
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Listed by: N/A • The Island Agency
Mls Name: Maine Listings
Mls ID: #1630999