1039 Belfast RoadKnoxME04986
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
Investment property for sale in Knox at 1039 Belfast Road, Knox, ME, 04986 offers a 7.9% rental yield on a $375,000 purchase with $2,468/mo rent. Total monthly income registers $2,468/mo, and a $1,835/mo payment leaves $102/mo available for distribution. Annual cash flow reaches $1,221/yr on $124,313 to close, and return on cash invested stands at 20.89% in year one. Equity gained on principal adds $2,420/yr while 5% annual appreciation supports $103,606 over five years. Portfolio math shows five-year ROI at 108.26% and total cumulative return in cash at $134,583. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,468/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1800
46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04986, Thorndike, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 810 (100%) |
| Owner Occupied HU | 585 (72.2%) |
| Renter Occupied HU | 113 (14.0%) |
| Vacant Housing Units | 112 (13.8%) |
| Median Home Value | $221,324 |
| Average Home Value | $246,397 |
Housing Distribution
Address Breakdown
Residential
671
Single Family
671
Multi-Family
0
Businesses
26
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