83 Main StreetPhillipsME04966
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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 Phillips at 83 Main Street, Phillips, ME, 04966 listed at $215,000 pairs $1,684/mo rent with a $1,052/mo payment to leave $327/mo cash flow. Total monthly income runs $1,684/mo, and annual cash flow reaches $3,929/yr on $71,273 cash to close. Return on cash invested measures 25.42% in year one, and rental yield registers 9.4% at a $215,000 basis. Equity gained on principal adds $1,387/yr, and annual property appreciation at 5% supports $59,401 by year five. Five-year ROI tracks 132.59% and total cumulative return in cash totals $94,501. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,684/mo property income relative to a $1,052/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1866
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04966, Phillips, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,304 (100%) |
| Owner Occupied HU | 641 (49.2%) |
| Renter Occupied HU | 119 ( 9.1%) |
| Vacant Housing Units | 544 (41.7%) |
| Median Home Value | $217,628 |
| Average Home Value | $257,383 |
Housing Distribution
Address Breakdown
Residential
667
Single Family
647
Multi-Family
20
Businesses
36
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