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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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No similar rental properties found nearby.
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Palermo at 956 Route 3 Route, Palermo, ME, 04354 generates $0/mo in rent, after a $978/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -2.93% in year one, and rental yield is 0% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Manufactured
Built in 1992
2 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 04354, Palermo, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 945 (100%) |
| Owner Occupied HU | 597 (63.2%) |
| Renter Occupied HU | 60 ( 6.3%) |
| Vacant Housing Units | 288 (30.5%) |
| Median Home Value | $332,415 |
| Average Home Value | $353,354 |
Residential
695
Single Family
695
Multi-Family
0
Businesses
20
Date | Event | Price |
|---|---|---|
| 2025-04-28 | Listed for sale | $199,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-30 | $1205.00 | 5.79% | $109,500 | N/A |
| 2022-04-30 | $1139.00 | -2.23% | $109,500 | 29.74% |
| 2021-04-30 | $1165.00 | 2.28% | $84,400 | N/A |
No similar rental properties found nearby.
Listed by: N/A • Adams Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1620502
Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
