109 Black RoadCorinthME04427
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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 Corinth at 109 Black Road, Corinth, ME, 04427 priced at $220,000 converts $1,584/mo rent into $195/mo cash flow after a $1,077/mo obligation. Total monthly income equals $1,584/mo, and annual cash flow totals $2,344/yr on $72,930 invested. Return on cash invested prints 23.12% in year one, and rental yield reads 8.64% against a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation compiles into $60,782 by year five. Five-year ROI reaches 120.28% and total cumulative return in cash sums $87,719. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,584/mo property income covering a $1,077/mo payment, not borrower’s personal income.
Single Family
Built in 1991
2.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04427, Corinth, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,286 (100%) |
| Owner Occupied HU | 978 (76.0%) |
| Renter Occupied HU | 192 (14.9%) |
| Vacant Housing Units | 116 ( 9.0%) |
| Median Home Value | $205,952 |
| Average Home Value | $243,441 |
Housing Distribution
Address Breakdown
Residential
1,127
Single Family
1,103
Multi-Family
24
Businesses
54
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