118 Fording RdNorridgewockME04957
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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
Investment Highlights
Investment property for sale in Norridgewock at 118 Fording Rd, Norridgewock, ME, 04957 at $136,500 posts ROI 53.68% with $1,274/mo cash flow from $2,135/mo rent. Total monthly income equals $2,135/mo, and annual cash flow records $15,283/yr on $45,250 to close. Return on cash invested measures 53.68% and rental yield reads 18.77% at the current $136,500. Equity gained on principal adds $881/yr, and 5% annual appreciation supports $37,712 by year five. Five-year ROI prints 284.16% and total cumulative return in cash totals $128,583.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,135/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1974
18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04957, Norridgewock, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,124 (100%) |
| Owner Occupied HU | 1,548 (72.9%) |
| Renter Occupied HU | 310 (14.6%) |
| Vacant Housing Units | 266 (12.5%) |
| Median Home Value | $216,588 |
| Average Home Value | $241,660 |
Housing Distribution
Address Breakdown
Residential
1,495
Single Family
1,461
Multi-Family
34
Businesses
57
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Nearby investment properties with comparable prices
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