628 Main StreetLewistonME04240
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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 Lewiston at 628 Main Street, Lewiston, ME, 04240 with 5% annual appreciation on a $248,900 basis while $1,746/mo rent supports operations. Total monthly income totals $1,746/mo and a $1,218/mo payment preserves $175/mo for cash returns. Annual cash flow comes to $2,105/yr on $82,510 deployed, and return on cash invested reaches 22.46% in year one. Equity gained on principal adds $1,606/yr, and five-year appreciation sums $68,766 alongside rental yield of 8.42%. Five-year ROI measures 116.71% and total cumulative return in cash totals $96,301.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,746/mo property income versus a $1,218/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1965
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04240, Lewiston, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,860 (100%) |
| Owner Occupied HU | 7,772 (46.1%) |
| Renter Occupied HU | 7,750 (46.0%) |
| Vacant Housing Units | 1,338 ( 7.9%) |
| Median Home Value | $245,673 |
| Average Home Value | $272,189 |
Housing Distribution
Address Breakdown
Residential
15,582
Single Family
13,292
Multi-Family
2,290
Businesses
1,153
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