66 Waukeag AvenueSorrentoME04677
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
Investment property for sale in Sorrento at 66 Waukeag Avenue, Sorrento, ME, 04677 offers a 7.2% rental yield on a $438,500 purchase with $2,630/mo rent. 78% in year one. Equity gained on principal adds $2,830/yr while 5% annual appreciation supports $121,149 over five years. Portfolio math shows five-year ROI at 96.92% and total cumulative return in cash at $140,887. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,630/mo property income against a $2,146/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1890
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04677, Sorrento, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 338 (100%) |
| Owner Occupied HU | 143 (42.3%) |
| Renter Occupied HU | 11 ( 3.3%) |
| Vacant Housing Units | 184 (54.4%) |
| Median Home Value | $302,381 |
| Average Home Value | $375,629 |
Housing Distribution
Address Breakdown
Residential
179
Single Family
179
Multi-Family
0
Businesses
7
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices