15 Mill Ridge RoadCumberlandME04021
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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 Cumberland at 15 Mill Ridge Road, Cumberland, ME, 04021 priced at $850,000 pairs $5,816/mo rent with $452/mo cash flow after a $4,160/mo payment. Total monthly income equals $5,816/mo, and annual cash flow comes to $5,422/yr on $279,650 invested. Return on cash invested is 22% in year one, and rental yield stands at 8.21% on a $850,000 basis. Equity gained on principal adds $5,485/yr, and 5% annual appreciation accumulates to $234,839 by year five. Five-year ROI measures 114.17% and total cumulative return in cash reaches $319,282. For financing, Ziffy Mortgage’s DSCR program evaluates $5,816/mo property income against a $4,160/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1974
3.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04021, Cumberland Center, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,700 (100%) |
| Owner Occupied HU | 2,321 (86.0%) |
| Renter Occupied HU | 281 (10.4%) |
| Vacant Housing Units | 98 ( 3.6%) |
| Median Home Value | $638,582 |
| Average Home Value | $699,176 |
Housing Distribution
Address Breakdown
Residential
2,606
Single Family
2,566
Multi-Family
40
Businesses
165
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Listed by: N/A • Four Points Real Estate, LLC
Mls Name: Maine Listings
Mls ID: #1631692