227 Elm St, Biddeford, ME, 04005 | 3.71% Rental Yield

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227 Elm St, Biddeford, ME, 04005 | 3.71% Rental Yield | Ziffy

For Sale

Motivated Seller

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

Investment property for sale in Biddeford at 227 Elm St, Biddeford, ME, 04005 offers a 3.71% rental yield on a $756,100 purchase with $2,340/mo rent. 33% in year one. Equity gained on principal adds $4,879/yr while 5% annual appreciation supports $208,896 over five years. Portfolio math shows five-year ROI at 40.86% and total cumulative return in cash at $101,641. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,340/mo property income against a $3,701/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Multi Family

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

The above stated price is the tax assessed value and a place holder only. The lender reserves the right to bid at the auction. - Real Estate Foreclosure Auction 25-70 - AUCTION PARCEL #2 - 9-Unit Apartment Building - 227 Elm St., Biddeford, Maine - Auction: Tuesday, November 25, 2025 at 11AM, Preview: Tuesday, November 25, 2025 from 9-10AM - Auction to be held at Parcel #2 227 Elm St., Biddeford - Real Estate: Consists of a .14+/- acre corner lot with 57+/- ft. of frontage on Elm St. and 103+/- ft. of frontage on Wentworth Ct. The property is improved with a circa 1900 3-story 6,072 SF 9-unit apartment building. The building contains (3) studio units, (3) 1-bedroom units and (3) 2-bedroom units each having a kitchen/dining area, living room and bath with 1-unit being finished and 8-units unfinished. Other amenities to the property include new windows and siding, plumbing and electrical ruffed in, spray foam insulation, Luchinvar furnace, FireTube boiler with individual zones, and an asphalt roof. The property is in the MSRD2 zone. Reference Map 38, Lot 205. - Buyer Broker Participation Available. Contact Auctioneer For Qualifications and Form. - Terms: A $10,000 deposit in CASH or CERTIFIED U.S. FUNDS, made payable to the Keenan Auction Co., Inc., (deposited with the Auctioneer as a qualification to bid), with balance due and payable within 30 days from date of auction. The deposit must be increased to 10% of the purchase price within 5-business days of the public sale. The property will be sold by public auction subject to all outstanding municipal assessments. All other terms will be announced at the public sale. For a Property Information Package contact the auctioneers office and request by auction number 25-70. Our 53rd Year and 8,768th Auction.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04005, Biddeford, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,793 (100%)
Owner Occupied HU	5,606 (47.5%)
Renter Occupied HU	5,202 (44.1%)
Vacant Housing Units	985 ( 8.4%)
Median Home Value	$455,712
Average Home Value	$523,001