10 Bluff Drive, Lyman, ME, 04002 | 7.37% Rental Yield

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10 Bluff Drive, Lyman, ME, 04002 | 7.37% Rental Yield | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lyman at 10 Bluff Drive, Lyman, ME, 04002 with 5% annual appreciation on a $550,000 basis while $3,380/mo rent supports operations. 46% in year one. Equity gained on principal adds $3,549/yr, and five-year appreciation sums $151,955 alongside rental yield of 7.37%. Five-year ROI measures 100.53% and total cumulative return in cash totals $181,918. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,380/mo property income versus a $2,692/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1960

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to year-round waterfront living on beautiful Wadleigh Pond! This spacious home offers an open-concept living, dining, and kitchen area with stunning water views that make every day feel like a retreat. The first-floor primary suite offers comfort and convenience, while a den and an additional full bath provide flexible living options. Upstairs, you'll find two bedrooms and a half bath. The expansive lower level features a kitchenette, an open family room, and an additional roomideal for guests, hobbies, or a home office. With plenty of space and versatility, the lower level could also can serve as a guest suite or in-law setup. Enjoy outdoor living with direct access to the pond, perfect for boating, fishing, or relaxing by the water. Don't miss this unique opportunity to live and play on the water in all seasons!

Neighborhood Data

Neighborhood data shown for ZIP Code: 04002, Alfred, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,863 (100%)
Owner Occupied HU	2,887 (74.7%)
Renter Occupied HU	403 (10.4%)
Vacant Housing Units	573 (14.8%)
Median Home Value	$461,084
Average Home Value	$510,512