7 E Point RdNorwayME04268
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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 Norway at 7 E Point Rd, Norway, ME, 04268 offers $3,892/mo rent that, after a $3,828/mo payment. Total monthly income is $3,892/mo. Return on cash invested measures 15.19% in year one, and rental yield stands at 5.97% at a $782,200 entry. Equity gained on principal adds $5,047/yr while 5% annual appreciation compounds into $216,107 by year five. Five-year ROI records 77.66% and total cumulative return in cash reaches $199,859. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,892/mo property income versus a $3,828/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04268, Norway, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,971 (100%) |
| Owner Occupied HU | 1,703 (57.3%) |
| Renter Occupied HU | 667 (22.5%) |
| Vacant Housing Units | 601 (20.2%) |
| Median Home Value | $252,934 |
| Average Home Value | $269,796 |
Housing Distribution
Address Breakdown
Residential
2,390
Single Family
2,093
Multi-Family
297
Businesses
232
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