171 Gardiner RoadWiscassetME04578
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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
Rental property for sale in Wiscasset at 171 Gardiner Road, Wiscasset, ME, 04578 priced at $299,000 converts $2,113/mo rent into $226/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,113/mo, and annual cash flow totals $2,717/yr on $99,119 invested. Return on cash invested prints 22.65% in year one, and rental yield reads 8.48% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 117.72% and total cumulative return in cash sums $116,686. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,113/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Manufactured
Built in 1987
1 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 04578, Wiscasset, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,483 (100%) |
| Owner Occupied HU | 1,636 (65.9%) |
| Renter Occupied HU | 421 (17.0%) |
| Vacant Housing Units | 426 (17.2%) |
| Median Home Value | $340,434 |
| Average Home Value | $407,550 |
Housing Distribution
Address Breakdown
Residential
1,997
Single Family
1,973
Multi-Family
24
Businesses
160
Price History
Date | Event | Price |
|---|---|---|
| 2025-03-12 | Price change | $299,000 |
| 2025-03-05 | Listed for sale | $325,000 |
| 2019-05-17 | Sold | $144,500 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-25 | $1823.00 | N/A | $106,900 | N/A |
| 2023-03-25 | $1823.00 | 6.17% | $106,900 | 25.03% |
| 2022-03-25 | $1717.00 | -0.17% | $85,500 | N/A |
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Facts & Features
General Information
- Type: MobileManufactured
- Year Built: 1987
- Architectural Style: Ranch
- Building Area: 1,008
- Living Area: 1,008 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Stove, Forced Air
- Cooling: None
- Flooring: N/A
- Interior Features: 1st Floor Bedroom, Bathtub, One-Floor Living, Storage
- Exterior Features: N/A
- Parking Features: Paved, On Site
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Private
- Road Surface Type: Paved
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: N/A • Cromwell Coastal Properties
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1615460
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. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782