19 Bodwell Street #8SanfordME04073
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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 Sanford at 19 Bodwell Street #8, Sanford, ME, 04073 priced at $187,000 converts $1,696/mo rent into $516/mo cash flow after a $915/mo obligation. Total monthly income equals $1,696/mo, and annual cash flow totals $6,193/yr on $61,991 invested. Return on cash invested prints 29.9% in year one, and rental yield reads 10.88% against a $187,000 entry. Equity gained on principal adds $1,207/yr, while 5% annual appreciation compiles into $51,665 by year five. Five-year ROI reaches 156.63% and total cumulative return in cash sums $97,098. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,696/mo property income covering a $915/mo payment, not borrower’s personal income.
Condo
Built in 2024
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04073, Sanford, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,136 (100%) |
| Owner Occupied HU | 4,936 (60.7%) |
| Renter Occupied HU | 2,604 (32.0%) |
| Vacant Housing Units | 596 ( 7.3%) |
| Median Home Value | $339,521 |
| Average Home Value | $423,443 |
Housing Distribution
Address Breakdown
Residential
7,486
Single Family
7,088
Multi-Family
398
Businesses
589
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