1020 Hendricks Hill RoadNewagenME04576
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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 Newagen at 1020 Hendricks Hill Road, Newagen, ME, 04576 listed at $775,000 pairs $2,400/mo rent with a $3,793/mo payment. Total monthly income runs $2,400/mo. Return on cash invested measures 8.34% in year one, and rental yield registers 3.72% at a $775,000 basis. Equity gained on principal adds $5,001/yr, and annual property appreciation at 5% supports $214,118 by year five. Five-year ROI tracks 40.93% and total cumulative return in cash totals $104,359. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,400/mo property income relative to a $3,793/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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
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