257 Sandy River RoadNorridgewockME04957
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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 Norridgewock at 257 Sandy River Road, Norridgewock, ME, 04957 priced at $189,000 converts $0/mo rent into after a $925/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -2.94% in year one, and rental yield reads 0% against a $189,000 entry. Equity gained on principal adds $1,220/yr, while 5% annual appreciation compiles into $52,217 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $925/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04957, Norridgewock, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,124 (100%) |
| Owner Occupied HU | 1,548 (72.9%) |
| Renter Occupied HU | 310 (14.6%) |
| Vacant Housing Units | 266 (12.5%) |
| Median Home Value | $216,588 |
| Average Home Value | $241,660 |
Housing Distribution
Address Breakdown
Residential
1,495
Single Family
1,461
Multi-Family
34
Businesses
57
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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Listed by: N/A • Berkshire Hathaway HomeServices Northeast Real Estate
Mls Name: Maine Listings
Mls ID: #1642883