176 Millet RoadGarlandME04939
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingFor first-time U.S. investors or those diversifying conservatively, 176 Millet Road, Garland, ME, 04939 in Garland offers a clean, manageable entry. Rental yield 6.97%. DSCR 1.29 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $137,865 in additional property value over five years, with $4,596/yr in principal equity building ownership stake. Total projected cumulative return: $173,339.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7% | 7.1% |
| Monthly Cash Flow | $(251) | $250 |
City averages based on Garland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,898 |
| Total Monthly Debt Service | $2,951 |
| DSCR Ratio | 0.98x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1980
65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04939, Garland, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 578 (100%) |
| Owner Occupied HU | 425 (73.5%) |
| Renter Occupied HU | 30 ( 5.2%) |
| Vacant Housing Units | 123 (21.3%) |
| Median Home Value | $230,405 |
| Average Home Value | $272,124 |
Housing Distribution
Address Breakdown
Residential
427
Single Family
427
Multi-Family
0
Businesses
9
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1980
65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04939, Garland, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 578 (100%) |
| Owner Occupied HU | 425 (73.5%) |
| Renter Occupied HU | 30 ( 5.2%) |
| Vacant Housing Units | 123 (21.3%) |
| Median Home Value | $230,405 |
| Average Home Value | $272,124 |
Housing Distribution
Address Breakdown
Residential
427
Single Family
427
Multi-Family
0
Businesses
9
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices