189 Horseshoe Cove RoadSpringfieldME04487
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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
Rental property for sale in Springfield at 189 Horseshoe Cove Road, Springfield, ME, 04487 priced at $199,900 pairs $0/mo rent with after a $978/mo payment. Total monthly income equals $0/mo. Return on cash invested is -2.93% in year one, and rental yield stands at 0% on a $199,900 basis. Equity gained on principal adds $1,290/yr, and 5% annual appreciation accumulates to $55,229 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $0/mo property income against a $978/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2021
4.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04487, Springfield, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 991 (100%) |
| Owner Occupied HU | 352 (35.5%) |
| Renter Occupied HU | 34 ( 3.4%) |
| Vacant Housing Units | 605 (61.0%) |
| Median Home Value | $158,929 |
| Average Home Value | $201,996 |
Housing Distribution
Address Breakdown
Residential
324
Single Family
324
Multi-Family
0
Businesses
19
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No similar rental properties found nearby.
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Listed by: N/A • True North Realty, Inc.
Mls Name: Maine Listings
Mls ID: #1644602