98 Auburn RoadTurnerME04282
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 Turner at 98 Auburn Road, Turner, ME, 04282 priced at $142,000 converts $1,093/mo rent into $197/mo cash flow after a $695/mo obligation. Total monthly income equals $1,093/mo, and annual cash flow totals $2,362/yr on $47,073 invested. Return on cash invested prints 24.93% in year one, and rental yield reads 9.24% against a $142,000 entry. Equity gained on principal adds $916/yr, while 5% annual appreciation compiles into $39,232 by year five. Five-year ROI reaches 129.91% and total cumulative return in cash sums $61,154. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,093/mo property income covering a $695/mo payment, not borrower’s personal income.
Single Family
Built in 1945
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04282, Turner, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,699 (100%) |
| Owner Occupied HU | 2,055 (76.1%) |
| Renter Occupied HU | 366 (13.6%) |
| Vacant Housing Units | 278 (10.3%) |
| Median Home Value | $343,830 |
| Average Home Value | $356,009 |
Housing Distribution
Address Breakdown
Residential
2,234
Single Family
2,210
Multi-Family
24
Businesses
155
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices