89 & 93 State StreetEllsworthME04605
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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 Ellsworth at 89 & 93 State Street, Ellsworth, ME, 04605 listed at $375,000 pairs $2,700/mo rent with a $1,835/mo payment to leave $334/mo cash flow. Total monthly income runs $2,700/mo, and annual cash flow reaches $4,005/yr on $124,313 cash to close. Return on cash invested measures 23.13% in year one, and rental yield registers 8.64% at a $375,000 basis. Equity gained on principal adds $2,420/yr, and annual property appreciation at 5% supports $103,606 by year five. Five-year ROI tracks 120.28% and total cumulative return in cash totals $149,523. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,700/mo property income relative to a $1,835/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1928
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04605, Ellsworth, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,069 (100%) |
| Owner Occupied HU | 4,752 (52.4%) |
| Renter Occupied HU | 1,780 (19.6%) |
| Vacant Housing Units | 2,537 (28.0%) |
| Median Home Value | $298,411 |
| Average Home Value | $372,243 |
Housing Distribution
Address Breakdown
Residential
6,940
Single Family
6,598
Multi-Family
342
Businesses
915
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