15 Harbor Ridge RoadFreeportME04032
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 Freeport at 15 Harbor Ridge Road, Freeport, ME, 04032 offers $3,731/mo rent that, after a $4,650/mo payment. Total monthly income is $3,731/mo. Return on cash invested measures 11.36% in year one, and rental yield stands at 4.71% at a $950,000 entry. Equity gained on principal adds $6,130/yr while 5% annual appreciation compounds into $262,467 by year five. Five-year ROI records 57.16% and total cumulative return in cash reaches $178,658. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,731/mo property income versus a $4,650/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2012
1.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04032, Freeport, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,124 (100%) |
| Owner Occupied HU | 3,053 (74.0%) |
| Renter Occupied HU | 685 (16.6%) |
| Vacant Housing Units | 386 ( 9.4%) |
| Median Home Value | $638,488 |
| Average Home Value | $737,943 |
Housing Distribution
Address Breakdown
Residential
3,782
Single Family
3,565
Multi-Family
217
Businesses
435
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