94 Hines StreetWashburnME04786
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 Washburn at 94 Hines Street, Washburn, ME, 04786 offers $1,208/mo rent that, after a $783/mo payment, leaves $198/mo cash flow. Total monthly income is $1,208/mo, and annual cash flow is $2,380/yr on $53,040 cash. Return on cash invested measures 24.4% in year one, and rental yield stands at 9.06% at a $160,000 entry. Equity gained on principal adds $1,032/yr while 5% annual appreciation compounds into $44,205 by year five. Five-year ROI records 127.11% and total cumulative return in cash reaches $67,418. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,208/mo property income versus a $783/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04786, Washburn, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 870 (100%) |
| Owner Occupied HU | 593 (68.2%) |
| Renter Occupied HU | 159 (18.3%) |
| Vacant Housing Units | 118 (13.6%) |
| Median Home Value | $138,125 |
| Average Home Value | $216,442 |
Housing Distribution
Address Breakdown
Residential
557
Single Family
509
Multi-Family
48
Businesses
36
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