72 East TerraceMillinocketME04462
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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 Millinocket at 72 East Terrace, Millinocket, ME, 04462 earns $546/mo cash flow from $1,525/mo rent with a $759/mo payment. Total monthly income totals $1,525/mo, and annual cash flow totals $6,557/yr on $51,383 capital. ROI tracks 32.67% on current figures, and rental yield reads 11.81% at a $155,000 purchase. Equity gained on principal adds $1,000/yr, and 5% annual appreciation supports $42,824 over five years. Five-year ROI reaches 171.5% and total cumulative return in cash sums $88,120. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,525/mo property income instead of your personal income.
Multi Family
Built in 1929
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04462, Millinocket, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,619 (100%) |
| Owner Occupied HU | 1,542 (58.9%) |
| Renter Occupied HU | 539 (20.6%) |
| Vacant Housing Units | 538 (20.5%) |
| Median Home Value | $91,538 |
| Average Home Value | $170,131 |
Housing Distribution
Address Breakdown
Residential
2,484
Single Family
2,361
Multi-Family
123
Businesses
198
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Listed by: N/A • Beal Realty
Mls Name: Maine Listings
Mls ID: #1643740