23 Cottage DriveFriendshipME04547
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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
Rental property for sale in Friendship at 23 Cottage Drive, Friendship, ME, 04547 generates $2,404/mo in rent and, after a $1,708/mo payment, leaves $202/mo in cash flow. Total monthly income is $2,404/mo, and annual cash flow is $2,419/yr on $115,694 invested. Return on cash invested sits at 22% in year one, and rental yield is 8.27% on a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 114.22% and total cumulative return in cash sums $132,144. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,404/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04547, Friendship, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 930 (100%) |
| Owner Occupied HU | 464 (49.9%) |
| Renter Occupied HU | 77 ( 8.3%) |
| Vacant Housing Units | 389 (41.8%) |
| Median Home Value | $468,116 |
| Average Home Value | $476,972 |
Housing Distribution
Address Breakdown
Residential
501
Single Family
501
Multi-Family
0
Businesses
33
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Listed by: N/A • Pooley Realty Group
Mls Name: Maine Listings
Mls ID: #1629469