8 Sheldon PlaceLewistonME04240
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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 Lewiston at 8 Sheldon Place, Lewiston, ME, 04240 listed at $157,000 pairs $1,246/mo rent with a $768/mo payment to leave $256/mo cash flow. Total monthly income runs $1,246/mo, and annual cash flow reaches $3,067/yr on $52,046 cash to close. Return on cash invested measures 25.8% in year one, and rental yield registers 9.52% at a $157,000 basis. Equity gained on principal adds $1,013/yr, and annual property appreciation at 5% supports $43,376 by year five. Five-year ROI tracks 134.64% and total cumulative return in cash totals $70,076. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,246/mo property income relative to a $768/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2012
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04240, Lewiston, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,860 (100%) |
| Owner Occupied HU | 7,772 (46.1%) |
| Renter Occupied HU | 7,750 (46.0%) |
| Vacant Housing Units | 1,338 ( 7.9%) |
| Median Home Value | $245,673 |
| Average Home Value | $272,189 |
Housing Distribution
Address Breakdown
Residential
15,582
Single Family
13,292
Multi-Family
2,290
Businesses
1,153
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