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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Springvale at 16 Railroad Avenue, Springvale, ME, 04083 at $525,000 posts ROI 12.82% with from $2,272/mo rent. Total monthly income equals $2,272/mo. Return on cash invested measures 12.82% and rental yield reads 5.19% at the current $525,000. Equity gained on principal adds $3,388/yr, and 5% annual appreciation supports $145,048 by year five. Five-year ROI prints 64.99% and total cumulative return in cash totals $112,257. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,272/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1920
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 04083, Springvale, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,114 (100%) |
| Owner Occupied HU | 1,318 (62.3%) |
| Renter Occupied HU | 666 (31.5%) |
| Vacant Housing Units | 130 ( 6.1%) |
| Median Home Value | $416,379 |
| Average Home Value | $426,354 |
Residential
2,002
Single Family
1,904
Multi-Family
98
Businesses
159
Date | Event | Price |
|---|---|---|
| 2024-10-13 | Listed for sale | $525,000 |
| 2024-10-03 | Contingent | $525,000 |
| 2024-09-24 | Listed for sale | $525,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-10-16 | $4197.00 | 15.91% | $283,600 | 42.37% |
| 2021-10-16 | $3621.00 | N/A | $199,200 | N/A |
| 2020-10-16 | $3621.00 | 1.89% | $199,200 | 16.02% |
Listed by: N/A • RE/MAX Shoreline
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1604752
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. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
