2 Carriage Way, Alfred, ME, 04002 | $216/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2 Carriage Way, Alfred, ME, 04002 | $216/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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 2 Carriage Way, Alfred, ME, 04002 earns $216/mo cash flow from $1,793/mo rent with a $1,223/mo payment. Total monthly income totals $1,793/mo, and annual cash flow totals $2,592/yr on $82,842 capital. ROI tracks 23.04% on current figures, and rental yield reads 8.61% at a $249,900 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,043 over five years. Five-year ROI reaches 119.78% and total cumulative return in cash sums $99,230. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,793/mo property income instead of your personal income.

Manufactured

Built in 2002

N/A lot

$N/A/sqft

No HOA

More details about the property

This spacious three-bedroom, two-bath double-wide home is located in Keywood Manor, Southern Maine's premier 55+ community, offering the perfect blend of comfort and convenience. The open-concept living area features a bright and inviting living room with built-in bookshelves and plenty of space for a dining table. The primary bedroom suite includes a private bath with double sinks, a soaking tub and separate shower, creating a peaceful retreat at the end of the day. The second and third bedrooms are ideal for guests, a home office, hobbies, or crafting, offering flexibility to suit your lifestyle. Enjoy your morning coffee or visit with friends on the expansive farmer's porch, perfect for relaxing outdoors. Additional features include a laundry room and a detached one-car garage for added storage and parking convenience. Residents of Keywood Manor enjoy access to an impressive community clubhouse offering a lending library, fitness room, an outdoor area with picnic tables, kitchen and large gathering spaces for classes, social events and activities. It's a wonderful place to connect, stay active, and enjoy the best of 55+ living. Discover easy, single-level living in a welcoming neighborhood just minutes from the center of Alfred and nearby amenities. Come see your dream home at the OPEN HOUSE, Saturday, October 18th 10am-12pm!

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