119 Town Farm RoadFarmingtonME04938
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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 119 Town Farm Road, Farmington, ME, 04938 offers a 9.06% rental yield on a $198,700 purchase with $1,500/mo rent. Total monthly income registers $1,500/mo, and a $973/mo payment leaves $246/mo available for distribution. Annual cash flow reaches $2,946/yr on $65,869 to close, and return on cash invested stands at 24.38% in year one. Equity gained on principal adds $1,282/yr while 5% annual appreciation supports $54,897 over five years. Portfolio math shows five-year ROI at 127.01% and total cumulative return in cash at $83,660. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,500/mo property income against a $973/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1850
0.55 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 • Portside Real Estate Group
Mls Name: Maine Listings
Mls ID: #1649569