17 Walker RoadMechanic FallsME04256
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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 Mechanic Falls at 17 Walker Road, Mechanic Falls, ME, 04256 offers a 9.44% rental yield on a $199,900 purchase with $1,573/mo rent. Total monthly income registers $1,573/mo, and a $978/mo payment leaves $312/mo available for distribution. Annual cash flow reaches $3,742/yr on $66,267 to close, and return on cash invested stands at 25.56% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 133.28% and total cumulative return in cash at $88,321. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,573/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1820
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04256, Mechanic Falls, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,370 (100%) |
| Owner Occupied HU | 983 (71.8%) |
| Renter Occupied HU | 313 (22.8%) |
| Vacant Housing Units | 74 ( 5.4%) |
| Median Home Value | $243,531 |
| Average Home Value | $264,845 |
Housing Distribution
Address Breakdown
Residential
1,359
Single Family
1,309
Multi-Family
50
Businesses
70
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Listed by: N/A • Maine Real Estate Choice
Mls Name: Maine Listings
Mls ID: #1647139