7 Forest AvenueOronoME04473
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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 Orono at 7 Forest Avenue, Orono, ME, 04473 with 5% annual appreciation on a $249,900 basis while $2,654/mo rent supports operations. Total monthly income totals $2,654/mo and a $1,223/mo payment preserves $1,077/mo for cash returns. Annual cash flow comes to $12,924/yr on $82,842 deployed, and return on cash invested reaches 35.51% in year one. Equity gained on principal adds $1,613/yr, and five-year appreciation sums $69,043 alongside rental yield of 12.74%. Five-year ROI measures 186.66% and total cumulative return in cash totals $154,634.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,654/mo property income versus a $1,223/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1830
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04473, Orono, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,854 (100%) |
| Owner Occupied HU | 1,396 (36.2%) |
| Renter Occupied HU | 2,039 (52.9%) |
| Vacant Housing Units | 419 (10.9%) |
| Median Home Value | $333,333 |
| Average Home Value | $351,250 |
Housing Distribution
Address Breakdown
Residential
3,358
Single Family
3,054
Multi-Family
304
Businesses
198
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