18 Violet Drive #18FarmingdaleME04344
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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 Farmingdale at 18 Violet Drive #18, Farmingdale, ME, 04344 listed at $429,900 pairs $884/mo rent with a $2,104/mo payment. Total monthly income runs $884/mo. Return on cash invested measures 4.51% in year one, and rental yield registers 2.47% at a $429,900 basis. Equity gained on principal adds $2,774/yr, and annual property appreciation at 5% supports $118,773 by year five. Five-year ROI tracks 20.4% and total cumulative return in cash totals $29,071. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $884/mo property income relative to a $2,104/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04344, Farmingdale, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,404 (100%) |
| Owner Occupied HU | 944 (67.2%) |
| Renter Occupied HU | 379 (27.0%) |
| Vacant Housing Units | 81 ( 5.8%) |
| Median Home Value | $245,200 |
| Average Home Value | $253,763 |
Housing Distribution
Address Breakdown
Residential
1,392
Single Family
1,285
Multi-Family
107
Businesses
96
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Listed by: N/A • Better Homes & Gardens Real Estate/The Masiello Group
Mls Name: Maine Listings
Mls ID: #1646163