Lot 24 Lichen GlenCushingME04563
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
Investment property for sale in Cushing at Lot 24 Lichen Glen, Cushing, ME, 04563 at $135,000 posts ROI 78.79% with $2,196/mo cash flow from $3,215/mo rent. Total monthly income equals $3,215/mo, and annual cash flow records $26,353/yr on $44,753 to close. Return on cash invested measures 78.79% and rental yield reads 28.58% at the current $135,000. Equity gained on principal adds $871/yr, and 5% annual appreciation supports $37,298 by year five. Five-year ROI prints 420.53% and total cumulative return in cash totals $188,197.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,215/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
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
Listed by: N/A • Lone Pine Real Estate Company
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1600769
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. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782