124 Northern AvenueGardinerME04345
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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 Gardiner at 124 Northern Avenue, Gardiner, ME, 04345 uses $122,324 cash to close to unlock $2,823/yr annual cash flow and $235/mo monthly cash flow. Total monthly income runs $2,564/mo, and a $1,806/mo payment keeps the spread at $235/mo. Purchase price stands at $369,000, and rental yield measures 8.34% with $2,564/mo rent. Return on cash invested shows 22.22% in year one, and 5% annual appreciation builds toward $101,948 over five years. Five-year ROI reaches 115.41% and total cumulative return in cash records $141,171. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,564/mo property income covering a $1,806/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04345, Gardiner, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,801 (100%) |
| Owner Occupied HU | 4,061 (70.0%) |
| Renter Occupied HU | 1,215 (20.9%) |
| Vacant Housing Units | 525 ( 9.1%) |
| Median Home Value | $247,937 |
| Average Home Value | $268,862 |
Housing Distribution
Address Breakdown
Residential
5,434
Single Family
5,274
Multi-Family
160
Businesses
297
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