198-208 Williams Road, Alfred, ME, 04002 | 5.13% Rental Yield

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198-208 Williams Road, Alfred, ME, 04002 | 5.13% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

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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

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Investment Highlights

Investment property for sale in Alfred at 198-208 Williams Road, Alfred, ME, 04002 offers a 5.13% rental yield on a $590,000 purchase with $2,520/mo rent. 62% in year one. Equity gained on principal adds $3,807/yr while 5% annual appreciation supports $163,006 over five years. Portfolio math shows five-year ROI at 63.89% and total cumulative return in cash at $124,012. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,520/mo property income against a $2,888/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in 1986

18.62 Acres lot

$N/A/sqft

No HOA

More details about the property

Unique property on nearly 20 acres in York County! 3 bedroom 2 bath double wide on a full foundation. This property sits on a large sub-dividable lot. Or keep it like it is and utilize all property and all the barns garages and out buildings for live stock, gardening, farming etc. Have horses?. Fenced in pasture area, chicken and dog fencing. 2 large two car garages, a barn, potting shed, man made pond and trail to nearby Pond, woods and privacy. There used to be 2 houses on this lot.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04002, Alfred, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,863 (100%)
Owner Occupied HU	2,887 (74.7%)
Renter Occupied HU	403 (10.4%)
Vacant Housing Units	573 (14.8%)
Median Home Value	$461,084
Average Home Value	$510,512

Housing Distribution

Address Breakdown

Residential

3,106

Single Family

3,091

Multi-Family

Businesses

145

Price History

Date	Event	Price
2024-10-26	Price change	$590,000
2024-09-20	Listed for sale	$610,000

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
No tax history data available

Nearby investment properties with comparable rents

3 Bed
2 Bath
1450 sft

199 Kennebunk Road, Alfred, ME, 04002

3 Bed
3 Bath
1430 sft

21 Riverside Drive, Alfred, ME, 04002

3 Bed
2 Bath
1903 sft

66 Oak Street, Alfred, ME, 04002

3 Bed
2 Bath
1751 sft

23 Branch View Terrace N, Alfred, ME, 04002

Nearby investment properties with comparable prices

3 Bed
2 Bath
2171 sft

6 General John Sullivan Way, Rollinsford, NH, 03869

6 Bed
4 Bath
4157 sft

67-69 South Street, Rollinsford, NH, 03869

3 Bed
3 Bath
1616 sft

1215 Milton Mills Road, Acton, ME, 04001

3 Bed
3 Bath
1932 sft

14 Hynes Court, Rochester, NH, 03839

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: MobileManufactured
Year Built: 1986
Architectural Style: Ranch
Building Area: 1,448
Living Area: 1,448 sqft
Property Condition: N/A

Features & Amenities

Heating: Forced Air, Direct Vent Heater
Cooling: A/C Units, Multi Units
Flooring: N/A
Interior Features: 1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, Bathtub, Shower, Storage, Primary Bedroom w/Bath
Exterior Features: Animal Containment System
Parking Features: 11 - 20 Spaces, Gravel, On Site, Detached, Storage

Location

City: Alfred
State: ME
Subdivision: N/A
Lot Size: 18.62 Acres
Lot Features: Farm, Level, Open Lot, Rolling Slope, Wooded, Pasture, Rural
View: Fields, Mountain(s), Trees/Woods

HOA & Fees

HOA Fee: N/A
Association Fee: N/A
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: N/A
Sewer: Private Sewer, Septic Existing on Site
Water Source: Private, Well
Road Surface Type: Paved

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: N/A • CENTURY 21 Advantage

Mls Name: Maine Listings

Mls Provider: Mls

Mls ID: #1604531

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

198-208 Williams Road,Alfred,ME,04002

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

198-208 Williams RoadAlfredME04002