Lot 24 Payson PathHopeME04847
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at Lot 24 Payson Path, Hope, ME, 04847 in Hope speaks for itself: 14.18% gross on a $199,000 price, generating $2,351/mo in rent and $1,082/mo in net income after the $895/mo debt service. DSCR 2.63, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $12,989 stacks alongside $54,980 in projected five-year appreciation and $1,833/yr in principal reduction. Projected total cumulative return: $145,290.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.2% | 6.0% |
| Monthly Cash Flow | $1,082 | $400 |
City averages based on Hope market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,351 |
| Total Monthly Debt Service | $1,189 |
| DSCR Ratio | 1.98x |
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
6.50 Acres lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04847, Hope, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 927 (100%) |
| Owner Occupied HU | 622 (67.1%) |
| Renter Occupied HU | 89 ( 9.6%) |
| Vacant Housing Units | 216 (23.3%) |
| Median Home Value | $401,802 |
| Average Home Value | $448,971 |
Housing Distribution
Address Breakdown
Residential
727
Single Family
727
Multi-Family
0
Businesses
16
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
6.50 Acres lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04847, Hope, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 927 (100%) |
| Owner Occupied HU | 622 (67.1%) |
| Renter Occupied HU | 89 ( 9.6%) |
| Vacant Housing Units | 216 (23.3%) |
| Median Home Value | $401,802 |
| Average Home Value | $448,971 |
Housing Distribution
Address Breakdown
Residential
727
Single Family
727
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices