2289 Main RoadSpringfieldME04487
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Springfield at 2289 Main Road, Springfield, ME, 04487 listed at $129,000 pairs $1,019/mo rent with a $631/mo payment to leave $205/mo cash flow. Total monthly income runs $1,019/mo, and annual cash flow reaches $2,463/yr on $42,764 cash to close. Return on cash invested measures 25.67% in year one, and rental yield registers 9.48% at a $129,000 basis. Equity gained on principal adds $832/yr, and annual property appreciation at 5% supports $35,640 by year five. Five-year ROI tracks 133.99% and total cumulative return in cash totals $57,301. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,019/mo property income relative to a $631/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04487, Springfield, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 991 (100%) |
| Owner Occupied HU | 352 (35.5%) |
| Renter Occupied HU | 34 ( 3.4%) |
| Vacant Housing Units | 605 (61.0%) |
| Median Home Value | $158,929 |
| Average Home Value | $201,996 |
Housing Distribution
Address Breakdown
Residential
324
Single Family
324
Multi-Family
0
Businesses
19
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Acres Away, Inc.
Mls Name: Maine Listings
Mls ID: #1646960