74 Lovejoy RoadStrongME04983
Nearby investment properties with comparable rents
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 Strong at 74 Lovejoy Road, Strong, ME, 04983 offers $2,334/mo rent that, after a $1,542/mo payment, leaves $346/mo cash flow. Total monthly income is $2,334/mo, and annual cash flow is $4,149/yr on $104,423 cash. Return on cash invested measures 23.88% in year one, and rental yield stands at 8.89% at a $315,000 entry. Equity gained on principal adds $2,033/yr while 5% annual appreciation compounds into $87,029 by year five. Five-year ROI records 124.31% and total cumulative return in cash reaches $129,809. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,334/mo property income versus a $1,542/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1941
8.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04983, Strong, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,036 (100%) |
| Owner Occupied HU | 621 (59.9%) |
| Renter Occupied HU | 110 (10.6%) |
| Vacant Housing Units | 305 (29.4%) |
| Median Home Value | $218,846 |
| Average Home Value | $232,174 |
Housing Distribution
Address Breakdown
Residential
587
Single Family
567
Multi-Family
20
Businesses
39
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