11 Ridgewood DriveLebanonME04027
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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 Lebanon at 11 Ridgewood Drive, Lebanon, ME, 04027 with 5% annual appreciation on a $469,000 basis while $2,160/mo rent supports operations. 73% in year one. Equity gained on principal adds $3,026/yr, and five-year appreciation sums $129,576 alongside rental yield of 5.53%. Five-year ROI measures 69.89% and total cumulative return in cash totals $108,655. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,160/mo property income versus a $2,296/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1986
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04027, Lebanon, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,889 (100%) |
| Owner Occupied HU | 2,339 (81.0%) |
| Renter Occupied HU | 285 ( 9.9%) |
| Vacant Housing Units | 265 ( 9.2%) |
| Median Home Value | $361,498 |
| Average Home Value | $383,656 |
Housing Distribution
Address Breakdown
Residential
2,465
Single Family
2,465
Multi-Family
0
Businesses
73
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