135 P Ridge Road, Readfield, ME, 04355 | 6.05% Rental Yield

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Price: $300K - 500K

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135 P Ridge Road, Readfield, ME, 04355 | 6.05% Rental Yield | Ziffy

For Sale

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

Rental property for sale in Readfield at 135 P Ridge Road, Readfield, ME, 04355 offers $2,141/mo rent that, after a $2,080/mo payment. Total monthly income is $2,141/mo. Return on cash invested measures 15.3% in year one, and rental yield stands at 6.05% at a $425,000 entry. Equity gained on principal adds $2,742/yr while 5% annual appreciation compounds into $117,420 by year five. Five-year ROI records 78.28% and total cumulative return in cash reaches $110,285. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,141/mo property income versus a $2,080/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1956

0.49 Acres lot

$N/A/sqft

No HOA

More details about the property

This 2 bedroom, 1 bathroom home has been completely renovated, and offers the perfect blend of modern amenities and natural beauty. The kitchen, dining room and entryway are filled with an abundance of natural light. The spacious living room features a Valor Gas Fireplace with a custom mantle and brick surround. The two well-appointed bedrooms offer comfortable retreats, each with its own unique character. The renovated bathroom boasts modern fixtures, elegant tiling, and a soothing atmosphere, providing a spa-like experience. A private courtyard is nestled in the back of the home, offering stunning views of the surrounding countryside. Situated on a .49 acre lot within the Kents Hill community, the home is just a short distance to the school, the post office, and the Apple Shed Bakery. The thoughtful renovations and attention to detail make this property move-in ready, allowing you to enjoy a comfortable and convenient lifestyle from the moment you step through the door. This is truly an exquisite home!

Neighborhood Data

Neighborhood data shown for ZIP Code: 04355, Readfield, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,461 (100%)
Owner Occupied HU	1,062 (72.7%)
Renter Occupied HU	95 ( 6.5%)
Vacant Housing Units	304 (20.8%)
Median Home Value	$325,666
Average Home Value	$335,372