86 Summit AvenueLewistonME04240
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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 86 Summit Avenue, Lewiston, ME, 04240 uses $59,471 cash to close to unlock $3,634/yr annual cash flow and $303/mo monthly cash flow. Total monthly income runs $1,435/mo, and a $878/mo payment keeps the spread at $303/mo. Purchase price stands at $179,400, and rental yield measures 9.6% with $1,435/mo rent. Return on cash invested shows 26.02% in year one, and 5% annual appreciation builds toward $49,565 over five years. Five-year ROI reaches 135.77% and total cumulative return in cash records $80,744. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,435/mo property income covering a $878/mo payment rather than investor’s personal income.
Single Family
Built in 1961
4,791 sqft 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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