Lot 56 South Main StreetWest ParisME04289
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at Lot 56 South Main Street, West Paris, ME, 04289 in West Paris. Priced at $159,900, it generates $1,849/mo in gross rent and $840/mo in net monthly cash flow, a 13.88% yield that comfortably supports the 2.57 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $10,080. Five-year appreciation: $44,177. Equity from principal paydown: $1,473/yr. Total projected cumulative return: $114,799.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.9% | 7.8% |
| Monthly Cash Flow | $840 | $320 |
City averages based on West Paris market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,849 |
| Total Monthly Debt Service | $946 |
| DSCR Ratio | 1.96x |
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
25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04289, West Paris, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 954 (100%) |
| Owner Occupied HU | 643 (67.4%) |
| Renter Occupied HU | 176 (18.4%) |
| Vacant Housing Units | 135 (14.2%) |
| Median Home Value | $222,692 |
| Average Home Value | $260,988 |
Housing Distribution
Address Breakdown
Residential
669
Single Family
642
Multi-Family
27
Businesses
28
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
25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04289, West Paris, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 954 (100%) |
| Owner Occupied HU | 643 (67.4%) |
| Renter Occupied HU | 176 (18.4%) |
| Vacant Housing Units | 135 (14.2%) |
| Median Home Value | $222,692 |
| Average Home Value | $260,988 |
Housing Distribution
Address Breakdown
Residential
669
Single Family
642
Multi-Family
27
Businesses
28
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Pine Tree Realty of Maine
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1602869
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