16 Farraday Drive UNIT CCumberland CenterME04021
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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 Cumberland Center at 16 Farraday Drive UNIT C, Cumberland Center, ME, 04021 offers $5,000/mo rent that, after a $2,324/mo payment, leaves $1,613/mo cash flow. Total monthly income is $5,000/mo, and annual cash flow is $19,359/yr on $157,429 cash. Return on cash invested measures 32.21% in year one, and rental yield stands at 12.63% at a $474,900 entry. Equity gained on principal adds $3,064/yr while 5% annual appreciation compounds into $131,206 by year five. Five-year ROI records 170.04% and total cumulative return in cash reaches $267,695. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,000/mo property income versus a $2,324/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2020
4.19 Acres lot
$N/A/sqft
$390 monthly 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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Nearby investment properties with comparable prices
Listed by: N/A • Coldwell Banker Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1611627
Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782