248 E Old Alfred RoadHollis CenterME04042
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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 Hollis Center at 248 E Old Alfred Road, Hollis Center, ME, 04042 priced at $260,000 pairs $2,203/mo rent with $562/mo cash flow after a $1,273/mo payment. Total monthly income equals $2,203/mo, and annual cash flow comes to $6,740/yr on $86,190 invested. Return on cash invested is 27.73% in year one, and rental yield stands at 10.17% on a $260,000 basis. Equity gained on principal adds $1,678/yr, and 5% annual appreciation accumulates to $71,833 by year five. Five-year ROI measures 144.96% and total cumulative return in cash reaches $124,937. For financing, Ziffy Mortgage’s DSCR program evaluates $2,203/mo property income against a $1,273/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1986
2.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04042, Hollis Center, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,130 (100%) |
| Owner Occupied HU | 1,779 (83.5%) |
| Renter Occupied HU | 274 (12.9%) |
| Vacant Housing Units | 77 ( 3.6%) |
| Median Home Value | $426,845 |
| Average Home Value | $510,866 |
Housing Distribution
Address Breakdown
Residential
1,882
Single Family
1,882
Multi-Family
0
Businesses
62
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Listed by: N/A • Keller Williams Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1620809
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