2224&2226 Appleton Ridge RoadUnionME04862
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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 Union at 2224&2226 Appleton Ridge Road, Union, ME, 04862 offers a 2.64% rental yield on a $709,000 purchase with $1,560/mo rent. 07% in year one. Equity gained on principal adds $4,575/yr while 5% annual appreciation supports $195,884 over five years. Portfolio math shows five-year ROI at 23.39% and total cumulative return in cash at $54,549. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,560/mo property income against a $3,470/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
21.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04862, Union, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,073 (100%) |
| Owner Occupied HU | 1,521 (73.4%) |
| Renter Occupied HU | 191 ( 9.2%) |
| Vacant Housing Units | 361 (17.4%) |
| Median Home Value | $318,608 |
| Average Home Value | $347,939 |
Housing Distribution
Address Breakdown
Residential
1,503
Single Family
1,503
Multi-Family
0
Businesses
84
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