626 Millinocket Lake RoadT3 Indian Purchase TwpME04462
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
Total monthly income runs $1,787/mo, and a $1,556/mo payment. Purchase price stands at $318,000, and rental yield measures 6.74% with $1,787/mo rent. Return on cash invested shows 17.41% in year one, and 5% annual appreciation builds toward $87,858 over five years. Five-year ROI reaches 89.62% and total cumulative return in cash records $94,475. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,787/mo property income covering a $1,556/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04462, Millinocket, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,619 (100%) |
| Owner Occupied HU | 1,542 (58.9%) |
| Renter Occupied HU | 539 (20.6%) |
| Vacant Housing Units | 538 (20.5%) |
| Median Home Value | $91,538 |
| Average Home Value | $170,131 |
Housing Distribution
Address Breakdown
Residential
2,484
Single Family
2,361
Multi-Family
123
Businesses
198
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • North Woods Real Estate, LLC
Mls Name: Maine Listings
Mls ID: #1642348