107 Riverside DriveMechanic FallsME04256
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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 Mechanic Falls at 107 Riverside Drive, Mechanic Falls, ME, 04256 priced at $359,000 converts $0/mo rent into after a $1,757/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -2.94% in year one, and rental yield reads 0% against a $359,000 entry. Equity gained on principal adds $2,317/yr, while 5% annual appreciation compiles into $99,185 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $1,757/mo payment, not borrower’s personal income.
Single Family
Built in 1975
1.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04256, Mechanic Falls, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,370 (100%) |
| Owner Occupied HU | 983 (71.8%) |
| Renter Occupied HU | 313 (22.8%) |
| Vacant Housing Units | 74 ( 5.4%) |
| Median Home Value | $243,531 |
| Average Home Value | $264,845 |
Housing Distribution
Address Breakdown
Residential
1,359
Single Family
1,309
Multi-Family
50
Businesses
70
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: N/A • Better Homes & Gardens Real Estate/The Masiello Group
Mls Name: Maine Listings
Mls ID: #1639205