24 Clifford StreetMechanic FallsME04256
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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 Mechanic Falls at 24 Clifford Street, Mechanic Falls, ME, 04256 at $299,900 posts ROI 28.32% with $697/mo cash flow from $2,590/mo rent. Total monthly income equals $2,590/mo, and annual cash flow records $8,366/yr on $99,417 to close. Return on cash invested measures 28.32% and rental yield reads 10.36% at the current $299,900. Equity gained on principal adds $1,935/yr, and 5% annual appreciation supports $82,857 by year five. Five-year ROI prints 148.17% and total cumulative return in cash totals $147,304.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,590/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1920
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04256, Mechanic Falls, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,370 (100%) |
| Owner Occupied HU | 983 (71.8%) |
| Renter Occupied HU | 313 (22.8%) |
| Vacant Housing Units | 74 ( 5.4%) |
| Median Home Value | $243,531 |
| Average Home Value | $264,845 |
Housing Distribution
Address Breakdown
Residential
1,359
Single Family
1,309
Multi-Family
50
Businesses
70
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Listed by: N/A • The Maine Real Estate Experience
Mls Name: Maine Listings
Mls ID: #1648942