78 High Street #7BelfastME04915
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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
Rental property for sale in Belfast at 78 High Street #7, Belfast, ME, 04915 generates $2,940/mo in rent, after a $4,503/mo payment. Total monthly income is $2,940/mo. Return on cash invested sits at 8.7% in year one, and rental yield is 3.83% on a $920,000 entry. Equity gained on principal adds $5,937/yr, while 5% annual appreciation builds toward $254,179 over five years. Five-year ROI reaches 42.84% and total cumulative return in cash sums $129,675. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,940/mo property income rather than buyer’s personal income.
Multi Family
Built in 1912
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04915, Belfast, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,083 (100%) |
| Owner Occupied HU | 2,979 (58.6%) |
| Renter Occupied HU | 1,313 (25.8%) |
| Vacant Housing Units | 791 (15.6%) |
| Median Home Value | $320,681 |
| Average Home Value | $355,074 |
Housing Distribution
Address Breakdown
Residential
4,627
Single Family
4,360
Multi-Family
267
Businesses
614
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