903 Western AveManchesterME04351
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Manchester at 903 Western Ave, Manchester, ME, 04351 offers $4,196/mo rent that, after a $1,683/mo payment, leaves $2,026/mo cash flow. Total monthly income is $4,196/mo, and annual cash flow is $24,310/yr on $114,003 cash. Return on cash invested measures 41.23% in year one, and rental yield stands at 14.64% at a $343,900 entry. Equity gained on principal adds $2,219/yr while 5% annual appreciation compounds into $95,013 by year five. Five-year ROI records 217.35% and total cumulative return in cash reaches $247,783. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,196/mo property income versus a $1,683/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1850
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04351, Manchester, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,324 (100%) |
| Owner Occupied HU | 970 (73.3%) |
| Renter Occupied HU | 160 (12.1%) |
| Vacant Housing Units | 194 (14.7%) |
| Median Home Value | $343,089 |
| Average Home Value | $420,402 |
Housing Distribution
Address Breakdown
Residential
1,028
Single Family
972
Multi-Family
56
Businesses
113
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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