1357 Indian River RdAddisonME04606
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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 Addison at 1357 Indian River Rd, Addison, ME, 04606 offers a 8.92% rental yield on a $230,000 purchase with $1,710/mo rent. Total monthly income registers $1,710/mo, and a $1,126/mo payment leaves $258/mo available for distribution. Annual cash flow reaches $3,098/yr on $76,245 to close, and return on cash invested stands at 23.97% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,545 over five years. Portfolio math shows five-year ROI at 124.85% and total cumulative return in cash at $95,191. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,710/mo property income against a $1,126/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04606, Addison, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 767 (100%) |
| Owner Occupied HU | 459 (59.8%) |
| Renter Occupied HU | 80 (10.4%) |
| Vacant Housing Units | 228 (29.7%) |
| Median Home Value | $208,796 |
| Average Home Value | $281,885 |
Housing Distribution
Address Breakdown
Residential
530
Single Family
518
Multi-Family
12
Businesses
21
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