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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Biddeford at 189 Elm Street, Biddeford, ME, 04005 priced at $410,000 converts $2,622/mo rent into $34/mo cash flow after a $2,007/mo obligation. Total monthly income equals $2,622/mo, and annual cash flow totals $410/yr on $135,915 invested. Return on cash invested prints 20.21% in year one, and rental yield reads 7.67% against a $410,000 entry. Equity gained on principal adds $2,646/yr, while 5% annual appreciation compiles into $113,275 by year five. Five-year ROI reaches 104.65% and total cumulative return in cash sums $142,235. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,622/mo property income covering a $2,007/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 04005, Biddeford, ME area.
| 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 |
Residential
11,059
Single Family
10,077
Multi-Family
982
Businesses
987
Date | Event | Price |
|---|---|---|
| 2025-04-14 | Pending sale | $410,000 |
| 2025-04-03 | Listed for sale | $410,000 |
| 2025-04-02 | Listing removed | $410,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-14 | $3671.00 | N/A | $279,800 | N/A |
| 2023-04-14 | $3671.00 | 81.28% | $279,800 | 126.74% |
| 2022-04-14 | $2025.00 | 5.97% | $123,400 | 17.75% |
Listed by: N/A • Maine Real Estate Co
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1617907
Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
