274 Richmond Mills RoadFayetteME04349
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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 Fayette at 274 Richmond Mills Road, Fayette, ME, 04349 priced at $155,000 converts $1,968/mo rent into $989/mo cash flow after a $759/mo obligation. Total monthly income equals $1,968/mo, and annual cash flow totals $11,873/yr on $51,383 invested. Return on cash invested prints 43.02% in year one, and rental yield reads 15.24% against a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation compiles into $42,824 by year five. Five-year ROI reaches 226.96% and total cumulative return in cash sums $116,620. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,968/mo property income covering a $759/mo payment, not borrower’s personal income.
Manufactured
Built in 1984
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04349, Kents Hill, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 788 (100%) |
| Owner Occupied HU | 497 (63.1%) |
| Renter Occupied HU | 49 ( 6.2%) |
| Vacant Housing Units | 242 (30.7%) |
| Median Home Value | $328,626 |
| Average Home Value | $371,368 |
Housing Distribution
Address Breakdown
Residential
567
Single Family
567
Multi-Family
0
Businesses
32
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Listed by: N/A • Keller Williams Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1624915
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