8 Western AvenueEast MillinocketME04430
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 East Millinocket at 8 Western Avenue, East Millinocket, ME, 04430 earns $225/mo cash flow from $1,102/mo rent with a $680/mo payment. Total monthly income totals $1,102/mo, and annual cash flow totals $2,701/yr on $46,079 capital. ROI tracks 25.77% on current figures, and rental yield reads 9.51% at a $139,000 purchase. Equity gained on principal adds $897/yr, and 5% annual appreciation supports $38,403 over five years. Five-year ROI reaches 134.55% and total cumulative return in cash sums $62,000. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,102/mo property income instead of your personal income.
Single Family
Built in 1906
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04430, East Millinocket, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 862 (100%) |
| Owner Occupied HU | 576 (66.8%) |
| Renter Occupied HU | 183 (21.2%) |
| Vacant Housing Units | 103 (11.9%) |
| Median Home Value | $70,556 |
| Average Home Value | $109,588 |
Housing Distribution
Address Breakdown
Residential
765
Single Family
752
Multi-Family
13
Businesses
50
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • North Woods Real Estate, LLC
Mls Name: Maine Listings
Mls ID: #1644452