24 Belgrade RoadManchesterME04351
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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 Manchester at 24 Belgrade Road, Manchester, ME, 04351 listed at $450,000 pairs $3,719/mo rent with a $2,203/mo payment to leave $879/mo cash flow. Total monthly income runs $3,719/mo, and annual cash flow reaches $10,542/yr on $149,175 cash to close. Return on cash invested measures 26.98% in year one, and rental yield registers 9.92% at a $450,000 basis. Equity gained on principal adds $2,904/yr, and annual property appreciation at 5% supports $124,327 by year five. Five-year ROI tracks 140.91% and total cumulative return in cash totals $210,198. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,719/mo property income relative to a $2,203/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1976
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04351, Manchester, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,324 (100%) |
| Owner Occupied HU | 970 (73.3%) |
| Renter Occupied HU | 160 (12.1%) |
| Vacant Housing Units | 194 (14.7%) |
| Median Home Value | $343,089 |
| Average Home Value | $420,402 |
Housing Distribution
Address Breakdown
Residential
1,028
Single Family
972
Multi-Family
56
Businesses
113
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Listed by: N/A • Epique Realty
Mls Name: Maine Listings
Mls ID: #1633582