795 Memorial DriveWinthropME04364
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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 Winthrop at 795 Memorial Drive, Winthrop, ME, 04364 priced at $279,000 converts $1,965/mo rent into $204/mo cash flow after a $1,366/mo obligation. Total monthly income equals $1,965/mo, and annual cash flow totals $2,445/yr on $92,489 invested. Return on cash invested prints 22.55% in year one, and rental yield reads 8.45% against a $279,000 entry. Equity gained on principal adds $1,800/yr, while 5% annual appreciation compiles into $77,083 by year five. Five-year ROI reaches 117.19% and total cumulative return in cash sums $108,391. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,965/mo property income covering a $1,366/mo payment, not borrower’s personal income.
Manufactured
Built in 1971
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04364, Winthrop, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,338 (100%) |
| Owner Occupied HU | 2,097 (62.8%) |
| Renter Occupied HU | 585 (17.5%) |
| Vacant Housing Units | 656 (19.7%) |
| Median Home Value | $304,345 |
| Average Home Value | $347,047 |
Housing Distribution
Address Breakdown
Residential
2,747
Single Family
2,716
Multi-Family
31
Businesses
231
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