12 Raymond Street, Biddeford, ME, 04005 | $138/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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12 Raymond Street, Biddeford, ME, 04005 | $138/mo Cash Flow | Ziffy

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Biddeford at 12 Raymond Street, Biddeford, ME, 04005 offers a 7.96% rental yield on a $425,000 purchase with $2,820/mo rent. Total monthly income registers $2,820/mo, and a $2,080/mo payment leaves $138/mo available for distribution. Annual cash flow reaches $1,655/yr on $140,888 to close, and return on cash invested stands at 21.08% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 109.3% and total cumulative return in cash at $153,989. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,820/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Multi Family

Built in 1940

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

Fantastic 2-Family Home in Prime Biddeford Location! Conveniently located just minutes from the Maine Turnpike, this multi-unit property offers excellent investment potential or the perfect opportunity for owner occupancy with rental income. Each unit features 2 bedrooms and 1 full bath, with plenty of natural light and comfortable living spaces. Situated on a .14-acre lot, the property boasts a flat backyard ideal for relaxing or entertaining, complete with a storage shed. The large driveway provides ample parking for multiple vehiclesa rare find! Enjoy close proximity to everything the area has to offer: less than 15 minutes to the sandy shores of Old Orchard Beach, the University of New England, Mariner Way Shopping Center, and MaineHealth Maine Medical Center. Whether you're looking to invest or settle down in a growing and vibrant community, this Biddeford gem checks all the boxes.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04005, Biddeford, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,793 (100%)
Owner Occupied HU	5,606 (47.5%)
Renter Occupied HU	5,202 (44.1%)
Vacant Housing Units	985 ( 8.4%)
Median Home Value	$455,712
Average Home Value	$523,001