1157 Riverside DriveVassalboroME04989
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 1157 Riverside Drive, Vassalboro, ME, 04989 in Vassalboro speaks for itself: 11.64% gross on a $289,000 price, generating $2,803/mo in rent and $979/mo in net income after the $1,300/mo debt service. DSCR 2.16, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $11,751 stacks alongside $79,845 in projected five-year appreciation and $2,662/yr in principal reduction. Projected total cumulative return: $172,744.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 6.2% |
| Monthly Cash Flow | $979 | $320 |
City averages based on Vassalboro market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,803 |
| Total Monthly Debt Service | $1,709 |
| DSCR Ratio | 1.64x |
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 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
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 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Dream Home Realty LLC
Mls Name: Maine Listings
Mls ID: #1634869