8 Tourmaline LnAuburnME04210
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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 Auburn at 8 Tourmaline Ln, Auburn, ME, 04210 priced at $359,900 pairs $2,989/mo rent with $299/mo cash flow after a $1,762/mo payment. Total monthly income equals $2,989/mo, and annual cash flow comes to $3,589/yr on $119,307 invested. Return on cash invested is 22.92% in year one, and rental yield stands at 9.97% on a $359,900 basis. Equity gained on principal adds $2,322/yr, and 5% annual appreciation accumulates to $99,434 by year five. Five-year ROI measures 120.7% and total cumulative return in cash reaches $144,002. For financing, Ziffy Mortgage’s DSCR program evaluates $2,989/mo property income against a $1,762/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2002
0.31 Acres lot
$N/A/sqft
$350 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04210, Auburn, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,291 (100%) |
| Owner Occupied HU | 6,134 (54.3%) |
| Renter Occupied HU | 4,164 (36.9%) |
| Vacant Housing Units | 993 ( 8.8%) |
| Median Home Value | $327,935 |
| Average Home Value | $356,014 |
Housing Distribution
Address Breakdown
Residential
10,631
Single Family
9,471
Multi-Family
1,160
Businesses
876
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