Lot 4 Tyler Way UNIT BAugustaME04330
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
Rental property for sale in Augusta at Lot 4 Tyler Way UNIT B, Augusta, ME, 04330 priced at $509,900 converts $2,213/mo rent into after a $2,496/mo obligation. Total monthly income equals $2,213/mo. Return on cash invested prints 10.48% in year one, and rental yield reads 5.21% against a $509,900 entry. Equity gained on principal adds $3,290/yr, while 5% annual appreciation compiles into $140,876 by year five. Five-year ROI reaches 53.31% and total cumulative return in cash sums $89,432. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,213/mo property income covering a $2,496/mo payment, not borrower’s personal income.
Condo
Built in 2024
2.38 Acres lot
$N/A/sqft
$4,000 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04330, Augusta, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,622 (100%) |
| Owner Occupied HU | 7,903 (58.0%) |
| Renter Occupied HU | 4,434 (32.6%) |
| Vacant Housing Units | 1,285 ( 9.4%) |
| Median Home Value | $239,579 |
| Average Home Value | $264,116 |
Housing Distribution
Address Breakdown
Residential
12,582
Single Family
11,441
Multi-Family
1,141
Businesses
1,190
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Portside Real Estate Group
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1593895
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