8 Fall Line Drive #N-115NewryME04261
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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 Newry at 8 Fall Line Drive #N-115, Newry, ME, 04261 priced at $399,000 pairs $1,624/mo rent with after a $1,953/mo payment. Total monthly income equals $1,624/mo. Return on cash invested is 11.8% in year one, and rental yield stands at 4.88% on a $399,000 basis. Equity gained on principal adds $2,575/yr, and 5% annual appreciation accumulates to $110,236 by year five. Five-year ROI measures 59.51% and total cumulative return in cash reaches $78,710. For financing, Ziffy Mortgage’s DSCR program evaluates $1,624/mo property income against a $1,953/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04261, Newry, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,615 (100%) |
| Owner Occupied HU | 199 (12.3%) |
| Renter Occupied HU | 36 ( 2.2%) |
| Vacant Housing Units | 1,380 (85.4%) |
| Median Home Value | $321,429 |
| Average Home Value | $371,319 |
Housing Distribution
Address Breakdown
Residential
231
Single Family
231
Multi-Family
0
Businesses
31
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