1357 Indian River RoadAddisonME04606
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt $220,000, 1357 Indian River Road, Addison, ME, 04606 in Addison generates $1,560/mo in rent (8.51% yield) but nets only $172/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (1.58) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $60,782. Total projected return: $94,634.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.5% |
| Monthly Cash Flow | $172 | $850 |
City averages based on Addison market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,560 |
| Total Monthly Debt Service | $1,301 |
| DSCR Ratio | 1.20x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1900
4.40 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1900
4.40 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices