140 Pleasant StreetRichmondME04357
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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
Rental property for sale in Richmond at 140 Pleasant Street, Richmond, ME, 04357 offers $1,500/mo rent that, after a $1,933/mo payment. Total monthly income is $1,500/mo. Return on cash invested measures 10.81% in year one, and rental yield stands at 4.56% at a $395,000 entry. Equity gained on principal adds $2,549/yr while 5% annual appreciation compounds into $109,131 by year five. Five-year ROI records 54.23% and total cumulative return in cash reaches $71,010. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,500/mo property income versus a $1,933/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1851
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04357, Richmond, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,641 (100%) |
| Owner Occupied HU | 1,121 (68.3%) |
| Renter Occupied HU | 353 (21.5%) |
| Vacant Housing Units | 167 (10.2%) |
| Median Home Value | $254,228 |
| Average Home Value | $307,295 |
Housing Distribution
Address Breakdown
Residential
1,610
Single Family
1,556
Multi-Family
54
Businesses
115
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