11 Center Street, Richmond, ME, 04357 | 4.86% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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11 Center Street, Richmond, ME, 04357 | 4.86% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Richmond at 11 Center Street, Richmond, ME, 04357 earns from $1,500/mo rent with a $1,811/mo payment. Total monthly income totals $1,500/mo. ROI tracks 11.74% on current figures, and rental yield reads 4.86% at a $370,000 purchase. Equity gained on principal adds $2,388/yr, and 5% annual appreciation supports $102,224 over five years. Five-year ROI reaches 59.17% and total cumulative return in cash sums $72,581. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,500/mo property income instead of your personal income.

Single Family

Built in 1878

9,583 sqft lot

$N/A/sqft

No HOA

More details about the property

Classic New Englander offering timeless charm and flexible living space, and tucked away on a quiet side street in the heart of the quaint and picturesque Richmond village. With antique architectural attributes at every turn, the house boasts a country kitchen; formal dining room; formal living room; and an office that could serve as a first-floor bedroom. A full bathroom and convenient laundry room complete the main level. Step through the formal entry and discover the original antique newel post and formal staircase leading to the second floor. Here, you'll find three bedrooms; a full bathroom with clawfoot tub; and a second/back staircase leading to the entrance off the front porch and the laundry room. A large, unfinished attic is accessible by a dedicated staircase and provides wonderful storage space or room for future expansion. The home's crowning jewel is the inviting front porch and unique adjoining sunroom. Spacious and private back deck for grilling, and outdoor rest and relaxation. Nice level corner lot with fenced backyard, and new shed for storing your garden tools or outdoor gear. Enjoy living in this prime location and being only a short stroll to the Kennebec River; waterfront park; boat launch; shops; and restaurants. Richmond is comprised of beautiful farms; Victorian, and Greek revival homes; and a charming village with a supportive community and a rich historical story to tell. To learn more, google ''Down East Magazine River Town''. Centrally located, with easy access to Augusta; Brunswick/Topsham; Bath/Brunswick; Lewiston/Auburn; and Wiscasset. Only about 45 minutes from the city of Portland, and the International Jetport. A wonderful opportunityyou'll love living here! (Price reflects the need for some cosmetic updating.)

Neighborhood Data

Neighborhood data shown for ZIP Code: 04357, Richmond, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,641 (100%)
Owner Occupied HU	1,121 (68.3%)
Renter Occupied HU	353 (21.5%)
Vacant Housing Units	167 (10.2%)
Median Home Value	$254,228
Average Home Value	$307,295