9 Pine Grove DriveMount VernonME04352
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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 Mount Vernon at 9 Pine Grove Drive, Mount Vernon, ME, 04352 offers a 9.46% rental yield on a $274,999 purchase with $2,167/mo rent. Total monthly income registers $2,167/mo, and a $1,346/mo payment leaves $431/mo available for distribution. Annual cash flow reaches $5,177/yr on $91,162 to close, and return on cash invested stands at 25.59% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 133.49% and total cumulative return in cash at $121,691. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,167/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04352, Mount Vernon, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,093 (100%) |
| Owner Occupied HU | 671 (61.4%) |
| Renter Occupied HU | 85 ( 7.8%) |
| Vacant Housing Units | 337 (30.8%) |
| Median Home Value | $287,250 |
| Average Home Value | $355,101 |
Housing Distribution
Address Breakdown
Residential
702
Single Family
702
Multi-Family
0
Businesses
23
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Listed by: N/A • Brookewood Realty
Mls Name: Maine Listings
Mls ID: #1640300