1222 Left Bank #22KingfieldME04947
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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 Kingfield at 1222 Left Bank #22, Kingfield, ME, 04947 uses $95,804 cash to close to unlock $2,671/yr annual cash flow and $223/mo monthly cash flow. Total monthly income runs $2,047/mo, and a $1,415/mo payment keeps the spread at $223/mo. Purchase price stands at $289,000, and rental yield measures 8.5% with $2,047/mo rent. Return on cash invested shows 22.7% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 117.98% and total cumulative return in cash records $113,030. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,047/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04947, Kingfield, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,099 (100%) |
| Owner Occupied HU | 782 (25.2%) |
| Renter Occupied HU | 148 ( 4.8%) |
| Vacant Housing Units | 2,169 (70.0%) |
| Median Home Value | $288,258 |
| Average Home Value | $327,462 |
Housing Distribution
Address Breakdown
Residential
861
Single Family
821
Multi-Family
40
Businesses
123
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