62 Old Point AvenueMadisonME04950
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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 Madison at 62 Old Point Avenue, Madison, ME, 04950 earns from $1,483/mo rent with a $1,199/mo payment. Total monthly income totals $1,483/mo. ROI tracks 18.98% on current figures, and rental yield reads 7.27% at a $244,900 purchase. Equity gained on principal adds $1,580/yr, and 5% annual appreciation supports $67,661 over five years. Five-year ROI reaches 98.08% and total cumulative return in cash sums $79,625. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,483/mo property income instead of your personal income.
Single Family
Built in N/A
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04950, Madison, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,448 (100%) |
| Owner Occupied HU | 1,512 (61.8%) |
| Renter Occupied HU | 553 (22.6%) |
| Vacant Housing Units | 383 (15.6%) |
| Median Home Value | $158,716 |
| Average Home Value | $228,649 |
Housing Distribution
Address Breakdown
Residential
2,128
Single Family
2,128
Multi-Family
0
Businesses
157
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