63 Elm StreetMechanic FallsME04256
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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 Mechanic Falls at 63 Elm Street, Mechanic Falls, ME, 04256 generates $1,913/mo in rent and, after a $1,125/mo payment, leaves $462/mo in cash flow. Total monthly income is $1,913/mo, and annual cash flow is $5,548/yr on $76,212 invested. Return on cash invested sits at 27.19% in year one, and rental yield is 9.99% on a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 142.07% and total cumulative return in cash sums $108,275. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,913/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04256, Mechanic Falls, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,370 (100%) |
| Owner Occupied HU | 983 (71.8%) |
| Renter Occupied HU | 313 (22.8%) |
| Vacant Housing Units | 74 ( 5.4%) |
| Median Home Value | $243,531 |
| Average Home Value | $264,845 |
Housing Distribution
Address Breakdown
Residential
1,359
Single Family
1,309
Multi-Family
50
Businesses
70
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Listed by: N/A • Tim Dunham Realty
Mls Name: Maine Listings
Mls ID: #1644573