633 Main StreetOld TownME04468
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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 Old Town at 633 Main Street, Old Town, ME, 04468 offers a 10.88% rental yield on a $244,900 purchase with $2,220/mo rent. Total monthly income registers $2,220/mo, and a $1,199/mo payment leaves $674/mo available for distribution. Annual cash flow reaches $8,089/yr on $81,184 to close, and return on cash invested stands at 29.87% in year one. Equity gained on principal adds $1,580/yr while 5% annual appreciation supports $67,661 over five years. Portfolio math shows five-year ROI at 156.49% and total cumulative return in cash at $127,049. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,220/mo property income against a $1,199/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1915
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04468, Old Town, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,815 (100%) |
| Owner Occupied HU | 2,594 (53.9%) |
| Renter Occupied HU | 1,644 (34.1%) |
| Vacant Housing Units | 577 (12.0%) |
| Median Home Value | $218,286 |
| Average Home Value | $246,887 |
Housing Distribution
Address Breakdown
Residential
4,245
Single Family
4,000
Multi-Family
245
Businesses
202
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Listed by: N/A • CENTURY 21 Queen City Real Estate
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1612874
Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782