175 Alfred Street, Biddeford, ME, 04005 | 3.35% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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175 Alfred Street, Biddeford, ME, 04005 | 3.35% Rental Yield | Ziffy

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Biddeford at 175 Alfred Street, Biddeford, ME, 04005 priced at $950,000 converts $2,652/mo rent into after a $4,650/mo obligation. Total monthly income equals $2,652/mo. Return on cash invested prints 7.22% in year one, and rental yield reads 3.35% against a $950,000 entry. Equity gained on principal adds $6,130/yr, while 5% annual appreciation compiles into $262,467 by year five. Five-year ROI reaches 34.94% and total cumulative return in cash sums $109,214. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,652/mo property income covering a $4,650/mo payment, not borrower’s personal income.

Multi Family

Built in 1910

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Large 6-Unit building in excellent location. Could be easily converted into a large 4 unit. This property offers excellent cash flow, and may modern updates including metal roof, replacement windows, newer furnace, flooring, and other cosmetics. Nice corner lot with 5 parking spaces. Expansion possibilities to spacious 3rd floor. Property recently went through professional lead abatement in all living spaces.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04005, Biddeford, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,793 (100%)
Owner Occupied HU	5,606 (47.5%)
Renter Occupied HU	5,202 (44.1%)
Vacant Housing Units	985 ( 8.4%)
Median Home Value	$455,712
Average Home Value	$523,001