160 Gloucester Hill RoadNew GloucesterME04260
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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
Investment property for sale in New Gloucester at 160 Gloucester Hill Road, New Gloucester, ME, 04260 offers a 6.21% rental yield on a $625,000 purchase with $3,235/mo rent. 92% in year one. Equity gained on principal adds $4,033/yr while 5% annual appreciation supports $172,676 over five years. Portfolio math shows five-year ROI at 81.58% and total cumulative return in cash at $167,749. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,235/mo property income against a $3,059/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1800
4.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04260, New Gloucester, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,482 (100%) |
| Owner Occupied HU | 2,010 (81.0%) |
| Renter Occupied HU | 292 (11.8%) |
| Vacant Housing Units | 180 ( 7.3%) |
| Median Home Value | $398,868 |
| Average Home Value | $412,267 |
Housing Distribution
Address Breakdown
Residential
2,264
Single Family
2,264
Multi-Family
0
Businesses
155
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Listed by: N/A • Portland's Choice Realty, LLC
Mls Name: Maine Listings
Mls ID: #1637719