1874 Caribou RdNew CanadaME04743
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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 New Canada at 1874 Caribou Rd, New Canada, ME, 04743 listed at $147,900 pairs $1,950/mo rent with a $724/mo payment to leave $1,016/mo cash flow. Total monthly income runs $1,950/mo, and annual cash flow reaches $12,198/yr on $49,029 cash to close. Return on cash invested measures 44.79% in year one, and rental yield registers 15.82% at a $147,900 basis. Equity gained on principal adds $954/yr, and annual property appreciation at 5% supports $40,862 by year five. Five-year ROI tracks 236.47% and total cumulative return in cash totals $115,939. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,950/mo property income relative to a $724/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1978
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04743, Fort Kent, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,324 (100%) |
| Owner Occupied HU | 1,463 (63.0%) |
| Renter Occupied HU | 569 (24.5%) |
| Vacant Housing Units | 292 (12.6%) |
| Median Home Value | $240,116 |
| Average Home Value | $242,239 |
Housing Distribution
Address Breakdown
Residential
1,947
Single Family
1,814
Multi-Family
133
Businesses
210
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Listed by: N/A • N/A
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Mls ID: #N/A