16 Maple Ridge DriveMonmouthME04259
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 Monmouth at 16 Maple Ridge Drive, Monmouth, ME, 04259 priced at $399,000 pairs $1,882/mo rent with after a $1,953/mo payment. Total monthly income equals $1,882/mo. Return on cash invested is 14.14% in year one, and rental yield stands at 5.66% on a $399,000 basis. Equity gained on principal adds $2,575/yr, and 5% annual appreciation accumulates to $110,236 by year five. Five-year ROI measures 72.05% and total cumulative return in cash reaches $95,306. For financing, Ziffy Mortgage’s DSCR program evaluates $1,882/mo property income against a $1,953/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1963
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04259, Monmouth, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,709 (100%) |
| Owner Occupied HU | 1,137 (66.5%) |
| Renter Occupied HU | 156 ( 9.1%) |
| Vacant Housing Units | 416 (24.3%) |
| Median Home Value | $310,430 |
| Average Home Value | $348,881 |
Housing Distribution
Address Breakdown
Residential
1,286
Single Family
1,252
Multi-Family
34
Businesses
72
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices