62 Main StreetVassalboroME04989
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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 Vassalboro at 62 Main Street, Vassalboro, ME, 04989 offers $2,467/mo rent that, after a $1,664/mo payment, leaves $321/mo cash flow. Total monthly income is $2,467/mo, and annual cash flow is $3,856/yr on $112,710 cash. Return on cash invested measures 23.33% in year one, and rental yield stands at 8.71% at a $340,000 entry. Equity gained on principal adds $2,194/yr while 5% annual appreciation compounds into $93,936 by year five. Five-year ROI records 121.37% and total cumulative return in cash reaches $136,794. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,467/mo property income versus a $1,664/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1850
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04989, Vassalboro, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,286 (100%) |
| Owner Occupied HU | 1,654 (72.4%) |
| Renter Occupied HU | 326 (14.3%) |
| Vacant Housing Units | 306 (13.4%) |
| Median Home Value | $265,233 |
| Average Home Value | $286,267 |
Housing Distribution
Address Breakdown
Residential
1,873
Single Family
1,860
Multi-Family
13
Businesses
29
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Listed by: N/A • EXP Realty
Mls Name: Maine Listings
Mls ID: #1647302