1157 Riverside DriveVassalboroME04989
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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 Vassalboro at 1157 Riverside Drive, Vassalboro, ME, 04989 uses $95,804 cash to close to unlock $11,743/yr annual cash flow and $979/mo monthly cash flow. Total monthly income runs $2,803/mo, and a $1,415/mo payment keeps the spread at $979/mo. Purchase price stands at $289,000, and rental yield measures 11.64% with $2,803/mo rent. Return on cash invested shows 32.17% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 168.76% and total cumulative return in cash records $161,678. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,803/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04989, Vassalboro, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,286 (100%) |
| Owner Occupied HU | 1,654 (72.4%) |
| Renter Occupied HU | 326 (14.3%) |
| Vacant Housing Units | 306 (13.4%) |
| Median Home Value | $265,233 |
| Average Home Value | $286,267 |
Housing Distribution
Address Breakdown
Residential
1,873
Single Family
1,860
Multi-Family
13
Businesses
29
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Listed by: N/A • Dream Home Realty LLC
Mls Name: Maine Listings
Mls ID: #1634869