73 Somerset StreetMillinocketME04462
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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 73 Somerset Street, Millinocket, ME, 04462 listed at $149,500 pairs $1,127/mo rent with a $732/mo payment to leave $183/mo cash flow. Total monthly income runs $1,127/mo, and annual cash flow reaches $2,199/yr on $49,559 cash to close. Return on cash invested measures 24.35% in year one, and rental yield registers 9.05% at a $149,500 basis. Equity gained on principal adds $965/yr, and annual property appreciation at 5% supports $41,304 by year five. Five-year ROI tracks 126.86% and total cumulative return in cash totals $62,873. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,127/mo property income relative to a $732/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1921
7,840 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 • CENTURY 21 Queen City Real Estate
Mls Name: Maine Listings
Mls ID: #1641896