262 Main RoadEddingtonME04428
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Eddington at 262 Main Road, Eddington, ME, 04428 priced at $299,000 converts $2,580/mo rent into $693/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,580/mo, and annual cash flow totals $8,321/yr on $99,119 invested. Return on cash invested prints 28.3% in year one, and rental yield reads 10.35% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 148.04% and total cumulative return in cash sums $146,734. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,580/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 1962
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04428, Eddington, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,546 (100%) |
| Owner Occupied HU | 1,092 (70.6%) |
| Renter Occupied HU | 216 (14.0%) |
| Vacant Housing Units | 238 (15.4%) |
| Median Home Value | $368,792 |
| Average Home Value | $390,188 |
Housing Distribution
Address Breakdown
Residential
1,355
Single Family
1,315
Multi-Family
40
Businesses
43
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices