112 Kerns RoadManchesterME04351
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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 Manchester at 112 Kerns Road, Manchester, ME, 04351 generates $3,013/mo in rent, after a $2,687/mo payment. Total monthly income is $3,013/mo. Return on cash invested sits at 17.06% in year one, and rental yield is 6.59% on a $549,000 entry. Equity gained on principal adds $3,543/yr, while 5% annual appreciation builds toward $151,679 over five years. Five-year ROI reaches 87.7% and total cumulative return in cash sums $158,408. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,013/mo property income rather than buyer’s personal income.
Multi Family
Built in 2021
1.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04351, Manchester, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,324 (100%) |
| Owner Occupied HU | 970 (73.3%) |
| Renter Occupied HU | 160 (12.1%) |
| Vacant Housing Units | 194 (14.7%) |
| Median Home Value | $343,089 |
| Average Home Value | $420,402 |
Housing Distribution
Address Breakdown
Residential
1,028
Single Family
972
Multi-Family
56
Businesses
113
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Listed by: N/A • New England Realty Group LLC
Mls Name: Maine Listings
Mls ID: #1631417