21 Bald Hill RoadNew GloucesterME04260
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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
Rental property for sale in New Gloucester at 21 Bald Hill Road, New Gloucester, ME, 04260 priced at $505,000 converts $2,462/mo rent into after a $2,472/mo obligation. Total monthly income equals $2,462/mo. Return on cash invested prints 14.82% in year one, and rental yield reads 5.85% against a $505,000 entry. Equity gained on principal adds $3,259/yr, while 5% annual appreciation compiles into $139,522 by year five. Five-year ROI reaches 75.69% and total cumulative return in cash sums $125,754. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,462/mo property income covering a $2,472/mo payment, not borrower’s personal income.
Multi Family
Built in 1816
1.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04260, New Gloucester, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,482 (100%) |
| Owner Occupied HU | 2,010 (81.0%) |
| Renter Occupied HU | 292 (11.8%) |
| Vacant Housing Units | 180 ( 7.3%) |
| Median Home Value | $398,868 |
| Average Home Value | $412,267 |
Housing Distribution
Address Breakdown
Residential
2,264
Single Family
2,264
Multi-Family
0
Businesses
155
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Listed by: N/A • Keller Williams Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1604594
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. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782