117 Dresden AvenueGardinerME04345
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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 Gardiner at 117 Dresden Avenue, Gardiner, ME, 04345 priced at $299,900 converts $1,860/mo rent into after a $1,468/mo obligation. Total monthly income equals $1,860/mo. Return on cash invested prints 19.51% in year one, and rental yield reads 7.44% against a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation compiles into $82,857 by year five. Five-year ROI reaches 100.9% and total cumulative return in cash sums $100,312. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,860/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Multi Family
Built in 1880
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04345, Gardiner, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,801 (100%) |
| Owner Occupied HU | 4,061 (70.0%) |
| Renter Occupied HU | 1,215 (20.9%) |
| Vacant Housing Units | 525 ( 9.1%) |
| Median Home Value | $247,937 |
| Average Home Value | $268,862 |
Housing Distribution
Address Breakdown
Residential
5,434
Single Family
5,274
Multi-Family
160
Businesses
297
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