118 Corson LNFarmingtonME04938
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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 Farmington at 118 Corson LN, Farmington, ME, 04938 earns $229/mo cash flow from $1,099/mo rent with a $675/mo payment. Total monthly income totals $1,099/mo, and annual cash flow totals $2,742/yr on $45,747 capital. ROI tracks 25.9% on current figures, and rental yield reads 9.56% at a $138,000 purchase. Equity gained on principal adds $890/yr, and 5% annual appreciation supports $38,127 over five years. Five-year ROI reaches 135.16% and total cumulative return in cash sums $61,830. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,099/mo property income instead of your personal income.
Single Family
Built in 1980
2.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04938, Farmington, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,048 (100%) |
| Owner Occupied HU | 2,727 (54.0%) |
| Renter Occupied HU | 1,439 (28.5%) |
| Vacant Housing Units | 882 (17.5%) |
| Median Home Value | $271,206 |
| Average Home Value | $352,001 |
Housing Distribution
Address Breakdown
Residential
3,976
Single Family
3,638
Multi-Family
338
Businesses
419
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Listed by: N/A • Harris Real Estate
Mls Name: Maine Listings
Mls ID: #1630315