71 Central StreetHallowellME04347
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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
Rental property for sale in Hallowell at 71 Central Street, Hallowell, ME, 04347 offers $2,340/mo rent that, after a $2,296/mo payment. Total monthly income is $2,340/mo. Return on cash invested measures 15.12% in year one, and rental yield stands at 5.99% at a $469,000 entry. Equity gained on principal adds $3,026/yr while 5% annual appreciation compounds into $129,576 by year five. Five-year ROI records 77.33% and total cumulative return in cash reaches $120,223. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,340/mo property income versus a $2,296/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04347, Hallowell, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,447 (100%) |
| Owner Occupied HU | 765 (52.9%) |
| Renter Occupied HU | 534 (36.9%) |
| Vacant Housing Units | 148 (10.2%) |
| Median Home Value | $296,115 |
| Average Home Value | $294,373 |
Housing Distribution
Address Breakdown
Residential
1,486
Single Family
1,171
Multi-Family
315
Businesses
193
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Listed by: N/A • Sprague & Curtis Real Estate
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1595388
Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782