62 W Main StreetVinalhavenME04863
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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 Vinalhaven at 62 W Main Street, Vinalhaven, ME, 04863 priced at $749,000 converts $1,880/mo rent into after a $3,666/mo obligation. Total monthly income equals $1,880/mo. Return on cash invested prints 6.2% in year one, and rental yield reads 3.01% against a $749,000 entry. Equity gained on principal adds $4,833/yr, while 5% annual appreciation compiles into $206,935 by year five. Five-year ROI reaches 29.42% and total cumulative return in cash sums $72,508. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,880/mo property income covering a $3,666/mo payment, not borrower’s personal income.
Single Family
Built in 1889
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04863, Vinalhaven, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,312 (100%) |
| Owner Occupied HU | 480 (36.6%) |
| Renter Occupied HU | 162 (12.3%) |
| Vacant Housing Units | 670 (51.1%) |
| Median Home Value | $517,045 |
| Average Home Value | $621,682 |
Housing Distribution
Address Breakdown
Residential
418
Single Family
418
Multi-Family
0
Businesses
53
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Listed by: N/A • Rock Coast Realty
Mls Name: Maine Listings
Mls ID: #1632088