23 Addison RoadColumbiaME04623
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play23 Addison Road, Columbia, ME, 04623 in Columbia is priced for appreciation, not yield. Rental yield 0%. At $225,000 with a 0% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $62,163 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.00) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 6.0% |
| Monthly Cash Flow | $0 | $950 |
City averages based on Columbia market data in our database. Property projections are estimates.
Single Family
Built in 1980
2.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04623, Columbia Falls, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 600 (100%) |
| Owner Occupied HU | 370 (61.7%) |
| Renter Occupied HU | 73 (12.2%) |
| Vacant Housing Units | 157 (26.2%) |
| Median Home Value | $156,250 |
| Average Home Value | $197,061 |
Housing Distribution
Address Breakdown
Residential
368
Single Family
368
Multi-Family
0
Businesses
35
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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
Single Family
Built in 1980
2.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04623, Columbia Falls, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 600 (100%) |
| Owner Occupied HU | 370 (61.7%) |
| Renter Occupied HU | 73 (12.2%) |
| Vacant Housing Units | 157 (26.2%) |
| Median Home Value | $156,250 |
| Average Home Value | $197,061 |
Housing Distribution
Address Breakdown
Residential
368
Single Family
368
Multi-Family
0
Businesses
35
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: N/A • American Dream Realty, LLC
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1636433
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. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782