2 Main Street #15-507, Biddeford, ME, 04005 | 6.55% Rental Yield

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

Total monthly income runs $2,918/mo, and a $2,619/mo payment. Purchase price stands at $535,000, and rental yield measures 6.55% with $2,918/mo rent. Return on cash invested shows 16.93% in year one, and 5% annual appreciation builds toward $147,811 over five years. Five-year ROI reaches 87.02% and total cumulative return in cash records $153,172. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,918/mo property income covering a $2,619/mo payment rather than investor’s personal income.

Condo

Built in 1848

0.51 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 04005, Biddeford, ME area.

Housing Distribution

Housing Statistics

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