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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Lyman at 245 Poor Farm Rd, Lyman, ME, 04002 offers $2,464/mo rent that, after a $1,800/mo payment, leaves $143/mo cash flow. Total monthly income is $2,464/mo, and annual cash flow is $1,717/yr on $121,893 cash. Return on cash invested measures 21.32% in year one, and rental yield stands at 8.04% at a $367,700 entry. Equity gained on principal adds $2,373/yr while 5% annual appreciation compounds into $101,589 by year five. Five-year ROI records 110.58% and total cumulative return in cash reaches $134,787. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,464/mo property income versus a $1,800/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in N/A
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 04002, Alfred, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,863 (100%) |
| Owner Occupied HU | 2,887 (74.7%) |
| Renter Occupied HU | 403 (10.4%) |
| Vacant Housing Units | 573 (14.8%) |
| Median Home Value | $461,084 |
| Average Home Value | $510,512 |
Residential
3,106
Single Family
3,091
Multi-Family
15
Businesses
145
Date | Event | Price |
|---|---|---|
| 2025-06-25 | Listing removed | $365,000 |
| 2025-06-11 | Pending sale | $365,000 |
| 2025-06-06 | Listed for sale | $365,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-15 | $3767.00 | N/A | $309,000 | N/A |
| 2023-10-15 | $3767.00 | 4.20% | $309,000 | N/A |
| 2022-10-15 | $3615.00 | 1.92% | $309,000 | N/A |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
