988 Main StreetPalmyraME04965
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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
Rental property for sale in Palmyra at 988 Main Street, Palmyra, ME, 04965 generates $1,854/mo in rent, after a $1,810/mo payment. Total monthly income is $1,854/mo. Return on cash invested sits at 15.21% in year one, and rental yield is 6.01% on a $369,900 entry. Equity gained on principal adds $2,387/yr, while 5% annual appreciation builds toward $102,197 over five years. Five-year ROI reaches 77.81% and total cumulative return in cash sums $95,410. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,854/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
2.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04965, Palmyra, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 983 (100%) |
| Owner Occupied HU | 727 (74.0%) |
| Renter Occupied HU | 133 (13.5%) |
| Vacant Housing Units | 123 (12.5%) |
| Median Home Value | $171,013 |
| Average Home Value | $211,881 |
Housing Distribution
Address Breakdown
Residential
833
Single Family
833
Multi-Family
0
Businesses
38
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