11 Old Thorne RoadEast BaldwinME04024
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeReliable, bankable, and well-priced, 11 Old Thorne Road, East Baldwin, ME, 04024 in East Baldwin delivers $2,364/mo in gross rent and $281/mo in net monthly income at a $330,000 entry. The 8.6% yield and 1.59 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $91,173 over five years and $3,039/yr in equity from loan paydown, total projected return is $143,427.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 5.2% |
| Monthly Cash Flow | $281 | $550 |
City averages based on East Baldwin market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,364 |
| Total Monthly Debt Service | $1,951 |
| DSCR Ratio | 1.21x |
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.
Single Family
Built in 2000
2.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04024, East Baldwin, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 211 (100%) |
| Owner Occupied HU | 176 (83.4%) |
| Renter Occupied HU | 21 ( 10.0%) |
| Vacant Housing Units | 14 ( 6.6%) |
| Median Home Value | $344,737 |
| Average Home Value | $341,719 |
Housing Distribution
Address Breakdown
Residential
176
Single Family
176
Multi-Family
0
Businesses
17
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
Single Family
Built in 2000
2.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04024, East Baldwin, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 211 (100%) |
| Owner Occupied HU | 176 (83.4%) |
| Renter Occupied HU | 21 ( 10.0%) |
| Vacant Housing Units | 14 ( 6.6%) |
| Median Home Value | $344,737 |
| Average Home Value | $341,719 |
Housing Distribution
Address Breakdown
Residential
176
Single Family
176
Multi-Family
0
Businesses
17
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Landing Real Estate
Mls Name: Maine Listings
Mls ID: #1638093