174 River RoadRichmondME04357
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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 Richmond at 174 River Road, Richmond, ME, 04357 earns $625/mo cash flow from $2,512/mo rent with a $1,463/mo payment. Total monthly income totals $2,512/mo, and annual cash flow totals $7,505/yr on $99,119 capital. ROI tracks 27.48% on current figures, and rental yield reads 10.08% at a $299,000 purchase. Equity gained on principal adds $1,929/yr, and 5% annual appreciation supports $82,608 over five years. Five-year ROI reaches 143.63% and total cumulative return in cash sums $142,366. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,512/mo property income instead of your personal income.
Single Family
Built in 1977
2.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04357, Richmond, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,641 (100%) |
| Owner Occupied HU | 1,121 (68.3%) |
| Renter Occupied HU | 353 (21.5%) |
| Vacant Housing Units | 167 (10.2%) |
| Median Home Value | $254,228 |
| Average Home Value | $307,295 |
Housing Distribution
Address Breakdown
Residential
1,610
Single Family
1,556
Multi-Family
54
Businesses
115
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