85 Middle Street #10HallowellME04347
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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 Hallowell at 85 Middle Street #10, Hallowell, ME, 04347 uses $65,969 cash to close to unlock $3,577/yr annual cash flow and $298/mo monthly cash flow. Total monthly income runs $1,554/mo, and a $974/mo payment keeps the spread at $298/mo. Purchase price stands at $199,000, and rental yield measures 9.37% with $1,554/mo rent. Return on cash invested shows 25.33% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 132.14% and total cumulative return in cash records $87,174. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,554/mo property income covering a $974/mo payment rather than investor’s personal income.
Condo
Built in 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04347, Hallowell, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,447 (100%) |
| Owner Occupied HU | 765 (52.9%) |
| Renter Occupied HU | 534 (36.9%) |
| Vacant Housing Units | 148 (10.2%) |
| Median Home Value | $296,115 |
| Average Home Value | $294,373 |
Housing Distribution
Address Breakdown
Residential
1,486
Single Family
1,171
Multi-Family
315
Businesses
193
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