661 Park StreetSouth ParisME04281
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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 South Paris at 661 Park Street, South Paris, ME, 04281 offers a 8.48% rental yield on a $225,000 purchase with $1,590/mo rent. Total monthly income registers $1,590/mo, and a $1,101/mo payment leaves $170/mo available for distribution. Annual cash flow reaches $2,043/yr on $74,588 to close, and return on cash invested stands at 22.65% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 117.75% and total cumulative return in cash at $87,825. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,590/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1996
1.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04281, South Paris, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,605 (100%) |
| Owner Occupied HU | 1,648 (63.3%) |
| Renter Occupied HU | 756 (29.0%) |
| Vacant Housing Units | 201 ( 7.7%) |
| Median Home Value | $280,588 |
| Average Home Value | $310,649 |
Housing Distribution
Address Breakdown
Residential
2,282
Single Family
2,066
Multi-Family
216
Businesses
175
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Listed by: N/A • Bearfoot Realty
Mls Name: Maine Listings
Mls ID: #1643447