64 Parlin RoadPhillipsME04966
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
Rental property for sale in Phillips at 64 Parlin Road, Phillips, ME, 04966 priced at $349,000 converts $1,015/mo rent into after a $1,708/mo obligation. Total monthly income equals $1,015/mo. Return on cash invested prints 7.59% in year one, and rental yield reads 3.49% against a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation compiles into $96,422 by year five. Five-year ROI reaches 36.97% and total cumulative return in cash sums $42,768. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,015/mo property income covering a $1,708/mo payment, not borrower’s personal income.
Single Family
Built in 1855
47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04966, Phillips, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,304 (100%) |
| Owner Occupied HU | 641 (49.2%) |
| Renter Occupied HU | 119 ( 9.1%) |
| Vacant Housing Units | 544 (41.7%) |
| Median Home Value | $217,628 |
| Average Home Value | $257,383 |
Housing Distribution
Address Breakdown
Residential
667
Single Family
647
Multi-Family
20
Businesses
36
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Keller Williams Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1626393
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