10 Chippendale DriveSanfordME04073
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 Sanford at 10 Chippendale Drive, Sanford, ME, 04073 priced at $457,000 converts $3,372/mo rent into $488/mo cash flow after a $2,237/mo obligation. Total monthly income equals $3,372/mo, and annual cash flow totals $5,851/yr on $151,496 invested. Return on cash invested prints 23.77% in year one, and rental yield reads 8.85% against a $457,000 entry. Equity gained on principal adds $2,949/yr, while 5% annual appreciation compiles into $126,261 by year five. Five-year ROI reaches 123.72% and total cumulative return in cash sums $187,423. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,372/mo property income covering a $2,237/mo payment, not borrower’s personal income.
Single Family
Built in 1996
1.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04073, Sanford, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,136 (100%) |
| Owner Occupied HU | 4,936 (60.7%) |
| Renter Occupied HU | 2,604 (32.0%) |
| Vacant Housing Units | 596 ( 7.3%) |
| Median Home Value | $339,521 |
| Average Home Value | $423,443 |
Housing Distribution
Address Breakdown
Residential
7,486
Single Family
7,088
Multi-Family
398
Businesses
589
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices