1020 Hendricks Hill RoadNewagenME04576
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 3.72% gross rental yield, 1020 Hendricks Hill Road, Newagen, ME, 04576 in Newagen is priced for capital growth, not immediate cash flow. The $775,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $214,118 by year five, with $7,138/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.69) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $134,010.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.7% | 6.5% |
| Monthly Cash Flow | $(2,491) | $850 |
City averages based on Newagen market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,400 |
| Total Monthly Debt Service | $4,583 |
| DSCR Ratio | 0.52x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1877
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04576, Southport, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 938 (100%) |
| Owner Occupied HU | 284 (30.3%) |
| Renter Occupied HU | 38 ( 4.1%) |
| Vacant Housing Units | 616 (65.7%) |
| Median Home Value | $564,356 |
| Average Home Value | $650,308 |
Housing Distribution
Address Breakdown
Residential
182
Single Family
182
Multi-Family
0
Businesses
26
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
Single Family
Built in 1877
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04576, Southport, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 938 (100%) |
| Owner Occupied HU | 284 (30.3%) |
| Renter Occupied HU | 38 ( 4.1%) |
| Vacant Housing Units | 616 (65.7%) |
| Median Home Value | $564,356 |
| Average Home Value | $650,308 |
Housing Distribution
Address Breakdown
Residential
182
Single Family
182
Multi-Family
0
Businesses
26
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices