1190 Indian River RoadAddisonME04606
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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 Addison at 1190 Indian River Road, Addison, ME, 04606 uses $99,119 cash to close to unlock $3,701/yr annual cash flow and $308/mo monthly cash flow. Total monthly income runs $2,195/mo, and a $1,463/mo payment keeps the spread at $308/mo. Purchase price stands at $299,000, and rental yield measures 8.81% with $2,195/mo rent. Return on cash invested shows 23.64% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 123.05% and total cumulative return in cash records $121,966. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,195/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 1969
2.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04606, Addison, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 767 (100%) |
| Owner Occupied HU | 459 (59.8%) |
| Renter Occupied HU | 80 (10.4%) |
| Vacant Housing Units | 228 (29.7%) |
| Median Home Value | $208,796 |
| Average Home Value | $281,885 |
Housing Distribution
Address Breakdown
Residential
530
Single Family
518
Multi-Family
12
Businesses
21
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