1004 Hazel Wood DriveCarrabassett ValleyME04947
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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 Carrabassett Valley at 1004 Hazel Wood Drive, Carrabassett Valley, ME, 04947 offers $3,995/mo rent that, after a $2,619/mo payment, leaves $618/mo cash flow. Total monthly income is $3,995/mo, and annual cash flow is $7,417/yr on $176,015 cash. Return on cash invested measures 24.27% in year one, and rental yield stands at 8.96% at a $535,000 entry. Equity gained on principal adds $3,452/yr while 5% annual appreciation compounds into $147,811 by year five. Five-year ROI records 126.4% and total cumulative return in cash reaches $222,484. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,995/mo property income versus a $2,619/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04947, Kingfield, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,099 (100%) |
| Owner Occupied HU | 782 (25.2%) |
| Renter Occupied HU | 148 ( 4.8%) |
| Vacant Housing Units | 2,169 (70.0%) |
| Median Home Value | $288,258 |
| Average Home Value | $327,462 |
Housing Distribution
Address Breakdown
Residential
861
Single Family
821
Multi-Family
40
Businesses
123
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Listed by: N/A • Mountainside Real Estate
Mls Name: Maine Listings
Mls ID: #1642428