11 Mikes Ln #5SmithfieldME04978
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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
Investment property for sale in Smithfield at 11 Mikes Ln #5, Smithfield, ME, 04978 earns $353/mo cash flow from $1,553/mo rent with a $872/mo payment. Total monthly income totals $1,553/mo, and annual cash flow totals $4,231/yr on $59,073 capital. ROI tracks 27.07% on current figures, and rental yield reads 10.46% at a $178,200 purchase. Equity gained on principal adds $1,150/yr, and 5% annual appreciation supports $49,233 over five years. Five-year ROI reaches 142% and total cumulative return in cash sums $83,884. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,553/mo property income instead of your personal income.
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
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Listed by: N/A • N/A
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Mls ID: #N/A