10 Brookside Drive #1B308NewryME04261
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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
Investment Highlights
Investment property for sale in Newry at 10 Brookside Drive #1B308, Newry, ME, 04261 offers a 3.73% rental yield on a $564,999 purchase with $1,757/mo rent. 39% in year one. Equity gained on principal adds $3,646/yr while 5% annual appreciation supports $156,099 over five years. Portfolio math shows five-year ROI at 41.18% and total cumulative return in cash at $76,539. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,757/mo property income against a $2,765/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04261, Newry, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,615 (100%) |
| Owner Occupied HU | 199 (12.3%) |
| Renter Occupied HU | 36 ( 2.2%) |
| Vacant Housing Units | 1,380 (85.4%) |
| Median Home Value | $321,429 |
| Average Home Value | $371,319 |
Housing Distribution
Address Breakdown
Residential
231
Single Family
231
Multi-Family
0
Businesses
31
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