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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% |
Rental property for sale in Alfred at 16 Rhode Island Avenue, Alfred, ME, 04002 priced at $599,900 converts $2,520/mo rent into after a $2,936/mo obligation. Total monthly income equals $2,520/mo. Return on cash invested prints 12.36% in year one, and rental yield reads 5.04% against a $599,900 entry. Equity gained on principal adds $3,871/yr, while 5% annual appreciation compiles into $165,741 by year five. Five-year ROI reaches 62.52% and total cumulative return in cash sums $123,400. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,520/mo property income covering a $2,936/mo payment, not borrower’s personal income.
Single Family
Built in 2017
3.17 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 04002, Alfred, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,863 (100%) |
| Owner Occupied HU | 2,887 (74.7%) |
| Renter Occupied HU | 403 (10.4%) |
| Vacant Housing Units | 573 (14.8%) |
| Median Home Value | $461,084 |
| Average Home Value | $510,512 |
Residential
3,106
Single Family
3,091
Multi-Family
15
Businesses
145
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: N/A • Better Homes & Gardens Real Estate/The Masiello Group
Mls Name: Maine Listings
Mls ID: #1641062
