12 Nicholson DriveWayneME04284
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play12 Nicholson Drive, Wayne, ME, 04284 in Wayne is priced for appreciation, not yield. Rental yield 5.96%. At $750,000 with a 5.96% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $207,211 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (1.10) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $214,000.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6% | 7.0% |
| Monthly Cash Flow | $(1,107) | $150 |
City averages based on Wayne market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,726 |
| Total Monthly Debt Service | $4,535 |
| DSCR Ratio | 0.82x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1988
1.17 Acres lot
$N/A/sqft
$1,200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04284, Wayne, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 826 (100%) |
| Owner Occupied HU | 444 (53.8%) |
| Renter Occupied HU | 54 ( 6.5%) |
| Vacant Housing Units | 328 (39.7%) |
| Median Home Value | $362,428 |
| Average Home Value | $399,780 |
Housing Distribution
Address Breakdown
Residential
503
Single Family
503
Multi-Family
0
Businesses
18
Nearby investment properties with comparable rents
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
Single Family
Built in 1988
1.17 Acres lot
$N/A/sqft
$1,200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04284, Wayne, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 826 (100%) |
| Owner Occupied HU | 444 (53.8%) |
| Renter Occupied HU | 54 ( 6.5%) |
| Vacant Housing Units | 328 (39.7%) |
| Median Home Value | $362,428 |
| Average Home Value | $399,780 |
Housing Distribution
Address Breakdown
Residential
503
Single Family
503
Multi-Family
0
Businesses
18
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices