21 Riverside Drive, Alfred, ME, 04002 | 6.37% Rental Yield

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21 Riverside Drive, Alfred, ME, 04002 | 6.37% Rental Yield | 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

Rental property for sale in Alfred at 21 Riverside Drive, Alfred, ME, 04002 priced at $475,000 pairs $2,520/mo rent with after a $2,325/mo payment. Total monthly income equals $2,520/mo. Return on cash invested is 16.27% in year one, and rental yield stands at 6.37% on a $475,000 basis. Equity gained on principal adds $3,065/yr, and 5% annual appreciation accumulates to $131,234 by year five. Five-year ROI measures 83.49% and total cumulative return in cash reaches $131,467. For financing, Ziffy Mortgage’s DSCR program evaluates $2,520/mo property income against a $2,325/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 2002

0.68 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 21 Riverside Drive, Alfred! This charming 3-bedroom, 2.5-bath home offers a thoughtfully designed layout with comfort and convenience in mind. The spacious living room features cathedral ceilings and a cozy gas fireplace, perfect for relaxing or entertaining. A formal dining room provides an elegant space for gatherings, while the first-floor primary suite includes a full bath and walk-in closet for added privacy and ease. You'll also enjoy the convenience of first-floor laundry, an attached 2-car garage, a welcoming front porch, and a peaceful back deck overlooking the grounds. Upstairs, you'll find two additional bedrooms and another full bath. Located in a desirable community setting, this home is part of a shared 14-acre parcel with access to scenic walking trails along Middle Branch Brook. Just minutes from shopping, schools, hospital, and the turnpike, this location combines the best of nature and accessibility. This home has been pre-inspected and is available upon request.

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