2032 Ridge View RoadKingfieldME04947
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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
Investment property for sale in Kingfield at 2032 Ridge View Road, Kingfield, ME, 04947 offers a 5.22% rental yield on a $634,000 purchase with $2,760/mo rent. 92% in year one. Equity gained on principal adds $4,091/yr while 5% annual appreciation supports $175,163 over five years. Portfolio math shows five-year ROI at 65.49% and total cumulative return in cash at $136,602. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,760/mo property income against a $3,103/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
0.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04947, Kingfield, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,099 (100%) |
| Owner Occupied HU | 782 (25.2%) |
| Renter Occupied HU | 148 ( 4.8%) |
| Vacant Housing Units | 2,169 (70.0%) |
| Median Home Value | $288,258 |
| Average Home Value | $327,462 |
Housing Distribution
Address Breakdown
Residential
861
Single Family
821
Multi-Family
40
Businesses
123
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