87 N RoadDetroitME04929
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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 Detroit at 87 N Road, Detroit, ME, 04929 uses $104,389 cash to close to unlock $1,139/yr annual cash flow and $95/mo monthly cash flow. Total monthly income runs $2,082/mo, and a $1,541/mo payment keeps the spread at $95/mo. Purchase price stands at $314,900, and rental yield measures 7.93% with $2,082/mo rent. Return on cash invested shows 21% in year one, and 5% annual appreciation builds toward $87,001 over five years. Five-year ROI reaches 108.84% and total cumulative return in cash records $113,614. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,082/mo property income covering a $1,541/mo payment rather than investor’s personal income.
Single Family
Built in 1978
4.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04929, Detroit, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 405 (100%) |
| Owner Occupied HU | 298 (73.6%) |
| Renter Occupied HU | 87 (21.5%) |
| Vacant Housing Units | 20 ( 4.9%) |
| Median Home Value | $158,333 |
| Average Home Value | $172,919 |
Housing Distribution
Address Breakdown
Residential
370
Single Family
370
Multi-Family
0
Businesses
21
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