177 Meadow LaneSmithfieldME04978
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
Investment Highlights
Rental property for sale in Smithfield at 177 Meadow Lane, Smithfield, ME, 04978 priced at $895,000 converts $2,414/mo rent into after a $4,381/mo obligation. Total monthly income equals $2,414/mo. Return on cash invested prints 6.88% in year one, and rental yield reads 3.24% against a $895,000 entry. Equity gained on principal adds $5,775/yr, while 5% annual appreciation compiles into $247,272 by year five. Five-year ROI reaches 33.09% and total cumulative return in cash sums $97,442. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,414/mo property income covering a $4,381/mo payment, not borrower’s personal income.
Single Family
Built in 2006
8.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04978, Smithfield, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 640 (100%) |
| Owner Occupied HU | 365 (57.0%) |
| Renter Occupied HU | 39 ( 6.1%) |
| Vacant Housing Units | 236 (36.9%) |
| Median Home Value | $293,382 |
| Average Home Value | $377,041 |
Housing Distribution
Address Breakdown
Residential
399
Single Family
399
Multi-Family
0
Businesses
20
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Your Home Sold Guaranteed Realty
Mls Name: Maine Listings
Mls ID: #1626122