111 Axtell DriveOaklandME04963
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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
Rental property for sale in Oakland at 111 Axtell Drive, Oakland, ME, 04963 priced at $489,900 converts $2,989/mo rent into after a $2,398/mo obligation. Total monthly income equals $2,989/mo. Return on cash invested prints 19.15% in year one, and rental yield reads 7.32% against a $489,900 entry. Equity gained on principal adds $3,161/yr, while 5% annual appreciation compiles into $135,350 by year five. Five-year ROI reaches 98.91% and total cumulative return in cash sums $160,637. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,989/mo property income covering a $2,398/mo payment, not borrower’s personal income.
Single Family
Built in 2004
0.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04963, Oakland, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,355 (100%) |
| Owner Occupied HU | 2,644 (60.7%) |
| Renter Occupied HU | 649 (14.9%) |
| Vacant Housing Units | 1,062 (24.4%) |
| Median Home Value | $277,160 |
| Average Home Value | $311,606 |
Housing Distribution
Address Breakdown
Residential
3,343
Single Family
3,292
Multi-Family
51
Businesses
208
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