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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Limington at 8 Mikes Way, Limington, ME, 04049 generates $1,680/mo in rent, after a $2,765/mo payment. Total monthly income is $1,680/mo. Return on cash invested sits at 7.89% in year one, and rental yield is 3.57% on a $565,000 entry. Equity gained on principal adds $3,646/yr, while 5% annual appreciation builds toward $156,099 over five years. Five-year ROI reaches 38.52% and total cumulative return in cash sums $71,607. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,680/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
2.82 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 04049, Limington, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,826 (100%) |
| Owner Occupied HU | 1,390 (76.1%) |
| Renter Occupied HU | 185 (10.1%) |
| Vacant Housing Units | 251 (13.7%) |
| Median Home Value | $364,336 |
| Average Home Value | $385,385 |
Residential
1,403
Single Family
1,403
Multi-Family
0
Businesses
48
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: N/A • Portside Real Estate Group
Mls Name: Maine Listings
Mls ID: #1640755
