252 Ridge RoadFairfieldME04937
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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 Fairfield at 252 Ridge Road, Fairfield, ME, 04937 priced at $425,000 converts $1,943/mo rent into after a $2,080/mo obligation. Total monthly income equals $1,943/mo. Return on cash invested prints 13.61% in year one, and rental yield reads 5.49% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 69.23% and total cumulative return in cash sums $97,541. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,943/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Single Family
Built in 1980
1.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04937, Fairfield, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,005 (100%) |
| Owner Occupied HU | 2,098 (69.8%) |
| Renter Occupied HU | 709 (23.6%) |
| Vacant Housing Units | 198 ( 6.6%) |
| Median Home Value | $187,090 |
| Average Home Value | $211,345 |
Housing Distribution
Address Breakdown
Residential
2,776
Single Family
2,717
Multi-Family
59
Businesses
175
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Listed by: N/A • Coldwell Banker Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1606735
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. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782