10 Hemlock PointNorthfieldME04654
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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
Rental property for sale in Northfield at 10 Hemlock Point, Northfield, ME, 04654 priced at $579,000 pairs $1,020/mo rent with after a $2,834/mo payment. Total monthly income equals $1,020/mo. Return on cash invested is 3.47% in year one, and rental yield stands at 2.11% on a $579,000 basis. Equity gained on principal adds $3,736/yr, and 5% annual appreciation accumulates to $159,967 by year five. Five-year ROI measures 14.79% and total cumulative return in cash reaches $28,183. For financing, Ziffy Mortgage’s DSCR program evaluates $1,020/mo property income against a $2,834/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2005
2.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04654, Machias, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,890 (100%) |
| Owner Occupied HU | 917 (48.5%) |
| Renter Occupied HU | 408 (21.6%) |
| Vacant Housing Units | 565 (29.9%) |
| Median Home Value | $147,135 |
| Average Home Value | $184,935 |
Housing Distribution
Address Breakdown
Residential
1,448
Single Family
1,302
Multi-Family
146
Businesses
213
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Listed by: N/A • The Christopher Group, LLC
Mls Name: Maine Listings
Mls ID: #1643119