Lot 4 B RoadHancockME04640
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid fundamentals define the investment case at Lot 4 B Road, Hancock, ME, 04640 in Hancock: $2,138/mo in rent, $416/mo in net income, 15.47% gross yield, 2.87 DSCR, all at $165,900. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $45,835 in appreciation and $1,528/yr in principal paydown projects total cumulative return of $92,685.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.5% | 5.1% |
| Monthly Cash Flow | $416 | $350 |
City averages based on Hancock market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,138 |
| Total Monthly Debt Service | $1,656 |
| DSCR Ratio | 1.29x |
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.
Manufactured
Built in 2022
N/A lot
$N/A/sqft
$675 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04640, Hancock, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,416 (100%) |
| Owner Occupied HU | 798 (56.4%) |
| Renter Occupied HU | 248 (17.5%) |
| Vacant Housing Units | 370 (26.1%) |
| Median Home Value | $317,054 |
| Average Home Value | $384,283 |
Housing Distribution
Address Breakdown
Residential
1,197
Single Family
1,197
Multi-Family
0
Businesses
96
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
Manufactured
Built in 2022
N/A lot
$N/A/sqft
$675 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04640, Hancock, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,416 (100%) |
| Owner Occupied HU | 798 (56.4%) |
| Renter Occupied HU | 248 (17.5%) |
| Vacant Housing Units | 370 (26.1%) |
| Median Home Value | $317,054 |
| Average Home Value | $384,283 |
Housing Distribution
Address Breakdown
Residential
1,197
Single Family
1,197
Multi-Family
0
Businesses
96
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices