705 Plains RoadMount VernonME04352
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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 Mount Vernon at 705 Plains Road, Mount Vernon, ME, 04352 with 5% annual appreciation on a $199,900 basis while $1,506/mo rent supports operations. Total monthly income totals $1,506/mo and a $978/mo payment preserves $245/mo for cash returns. Annual cash flow comes to $2,938/yr on $66,267 deployed, and return on cash invested reaches 24.34% in year one. Equity gained on principal adds $1,290/yr, and five-year appreciation sums $55,229 alongside rental yield of 9.04%. Five-year ROI measures 126.78% and total cumulative return in cash totals $84,013.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,506/mo property income versus a $978/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1840
9 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04352, Mount Vernon, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,093 (100%) |
| Owner Occupied HU | 671 (61.4%) |
| Renter Occupied HU | 85 ( 7.8%) |
| Vacant Housing Units | 337 (30.8%) |
| Median Home Value | $287,250 |
| Average Home Value | $355,101 |
Housing Distribution
Address Breakdown
Residential
702
Single Family
702
Multi-Family
0
Businesses
23
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Listed by: N/A • The Maine Real Estate Experience
Mls Name: Maine Listings
Mls ID: #1634401