LOT #162.7 Collins Drive StreetStrongME04983
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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 Strong at LOT #162.7 Collins Drive Street, Strong, ME, 04983 generates $1,080/mo in rent, after a $1,121/mo payment. Total monthly income is $1,080/mo. Return on cash invested sits at 14.13% in year one, and rental yield is 5.66% on a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 72.04% and total cumulative return in cash sums $54,689. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,080/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
3.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04983, Strong, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,036 (100%) |
| Owner Occupied HU | 621 (59.9%) |
| Renter Occupied HU | 110 (10.6%) |
| Vacant Housing Units | 305 (29.4%) |
| Median Home Value | $218,846 |
| Average Home Value | $232,174 |
Housing Distribution
Address Breakdown
Residential
587
Single Family
567
Multi-Family
20
Businesses
39
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