Lot 24 Lichen GlenCushingME04563
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at Lot 24 Lichen Glen, Cushing, ME, 04563 in Cushing speaks for itself: 28.58% gross on a $135,000 price, generating $3,215/mo in rent and $2,196/mo in net income after the $607/mo debt service. DSCR 5.30, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $26,353 stacks alongside $37,298 in projected five-year appreciation and $1,243/yr in principal reduction. Projected total cumulative return: $193,382.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 28.6% | 5.0% |
| Monthly Cash Flow | $2,196 | $400 |
City averages based on Cushing market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,215 |
| Total Monthly Debt Service | $965 |
| DSCR Ratio | 3.33x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Lot
Built in N/A
3.35 Acres lot
$N/A/sqft
$1,000 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04563, Cushing, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 912 (100%) |
| Owner Occupied HU | 520 (57.0%) |
| Renter Occupied HU | 113 (12.4%) |
| Vacant Housing Units | 279 (30.6%) |
| Median Home Value | $490,909 |
| Average Home Value | $558,505 |
Housing Distribution
Address Breakdown
Residential
735
Single Family
735
Multi-Family
0
Businesses
14
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
Lot
Built in N/A
3.35 Acres lot
$N/A/sqft
$1,000 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04563, Cushing, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 912 (100%) |
| Owner Occupied HU | 520 (57.0%) |
| Renter Occupied HU | 113 (12.4%) |
| Vacant Housing Units | 279 (30.6%) |
| Median Home Value | $490,909 |
| Average Home Value | $558,505 |
Housing Distribution
Address Breakdown
Residential
735
Single Family
735
Multi-Family
0
Businesses
14
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices