264 23rd Street Loop RoadShapleighME04076
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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
Investment property for sale in Shapleigh at 264 23rd Street Loop Road, Shapleigh, ME, 04076 offers a 9.93% rental yield on a $319,000 purchase with $2,640/mo rent. Total monthly income registers $2,640/mo, and a $1,561/mo payment leaves $627/mo available for distribution. Annual cash flow reaches $7,525/yr on $105,749 to close, and return on cash invested stands at 27.03% in year one. Equity gained on principal adds $2,058/yr while 5% annual appreciation supports $88,134 over five years. Portfolio math shows five-year ROI at 141.19% and total cumulative return in cash at $149,305. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,640/mo property income against a $1,561/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1996
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04076, Shapleigh, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,202 (100%) |
| Owner Occupied HU | 1,202 (54.6%) |
| Renter Occupied HU | 101 ( 4.6%) |
| Vacant Housing Units | 899 (40.8%) |
| Median Home Value | $485,614 |
| Average Home Value | $584,282 |
Housing Distribution
Address Breakdown
Residential
1,180
Single Family
1,180
Multi-Family
0
Businesses
52
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