14 Norway RoadWaterfordME04088
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
Investment Highlights
Rental property for sale in Waterford at 14 Norway Road, Waterford, ME, 04088 priced at $150,000 pairs $1,206/mo rent with $260/mo cash flow after a $734/mo payment. Total monthly income equals $1,206/mo, and annual cash flow comes to $3,114/yr on $49,725 invested. Return on cash invested is 26.17% in year one, and rental yield stands at 9.65% on a $150,000 basis. Equity gained on principal adds $968/yr, and 5% annual appreciation accumulates to $41,442 by year five. Five-year ROI measures 136.63% and total cumulative return in cash reaches $67,938. For financing, Ziffy Mortgage’s DSCR program evaluates $1,206/mo property income against a $734/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1968
1.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04088, Waterford, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,250 (100%) |
| Owner Occupied HU | 669 (53.5%) |
| Renter Occupied HU | 107 ( 8.6%) |
| Vacant Housing Units | 474 (37.9%) |
| Median Home Value | $285,577 |
| Average Home Value | $359,462 |
Housing Distribution
Address Breakdown
Residential
656
Single Family
642
Multi-Family
14
Businesses
32
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