11 Mikes Ln #5SmithfieldME04978
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid, durable, and financeable, 11 Mikes Ln #5, Smithfield, ME, 04978 in Smithfield earns a 10.46% gross yield at $178,200. Rent of $1,553/mo nets $352/mo after the $801/mo mortgage. The 1.94 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $49,233 and $1,641/yr in equity accumulation project a total cumulative return of $90,712.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 5.1% |
| Monthly Cash Flow | $352 | $350 |
City averages based on Smithfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,553 |
| Total Monthly Debt Service | $1,130 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1900
N/A lot
$N/A/sqft
$76 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04978, Smithfield, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 640 (100%) |
| Owner Occupied HU | 365 (57.0%) |
| Renter Occupied HU | 39 ( 6.1%) |
| Vacant Housing Units | 236 (36.9%) |
| Median Home Value | $293,382 |
| Average Home Value | $377,041 |
Housing Distribution
Address Breakdown
Residential
399
Single Family
399
Multi-Family
0
Businesses
20
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
Condo
Built in 1900
N/A lot
$N/A/sqft
$76 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04978, Smithfield, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 640 (100%) |
| Owner Occupied HU | 365 (57.0%) |
| Renter Occupied HU | 39 ( 6.1%) |
| Vacant Housing Units | 236 (36.9%) |
| Median Home Value | $293,382 |
| Average Home Value | $377,041 |
Housing Distribution
Address Breakdown
Residential
399
Single Family
399
Multi-Family
0
Businesses
20
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A