78 Mount Vernon AvenueAugustaME04330
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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 Augusta at 78 Mount Vernon Avenue, Augusta, ME, 04330 uses $79,527 cash to close to unlock $9,182/yr annual cash flow and $765/mo monthly cash flow. Total monthly income runs $2,279/mo, and a $1,174/mo payment keeps the spread at $765/mo. Purchase price stands at $239,900, and rental yield measures 11.4% with $2,279/mo rent. Return on cash invested shows 31.45% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 164.96% and total cumulative return in cash records $131,191. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,279/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Multi Family
Built in 1906
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04330, Augusta, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,622 (100%) |
| Owner Occupied HU | 7,903 (58.0%) |
| Renter Occupied HU | 4,434 (32.6%) |
| Vacant Housing Units | 1,285 ( 9.4%) |
| Median Home Value | $239,579 |
| Average Home Value | $264,116 |
Housing Distribution
Address Breakdown
Residential
12,582
Single Family
11,441
Multi-Family
1,141
Businesses
1,190
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