2 Thundercastle RoadReadfieldME04355
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 2 Thundercastle Road, Readfield, ME, 04355 in Readfield hard to pass up. The 10.06% gross yield on a $319,500 purchase results in $2,677/mo in rent and $661/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (1.86). Annual cash flow of $7,929, five-year appreciation of $88,272, and $2,943/yr in equity build-up combine for a projected total cumulative return of $163,847.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 7.0% |
| Monthly Cash Flow | $661 | $600 |
City averages based on Readfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,677 |
| Total Monthly Debt Service | $1,889 |
| DSCR Ratio | 1.42x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1847
1.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04355, Readfield, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,461 (100%) |
| Owner Occupied HU | 1,062 (72.7%) |
| Renter Occupied HU | 95 ( 6.5%) |
| Vacant Housing Units | 304 (20.8%) |
| Median Home Value | $325,666 |
| Average Home Value | $335,372 |
Housing Distribution
Address Breakdown
Residential
939
Single Family
939
Multi-Family
0
Businesses
55
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1847
1.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04355, Readfield, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,461 (100%) |
| Owner Occupied HU | 1,062 (72.7%) |
| Renter Occupied HU | 95 ( 6.5%) |
| Vacant Housing Units | 304 (20.8%) |
| Median Home Value | $325,666 |
| Average Home Value | $335,372 |
Housing Distribution
Address Breakdown
Residential
939
Single Family
939
Multi-Family
0
Businesses
55
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices