28 Long Falls Dam RoadNew PortlandME04961
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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 New Portland at 28 Long Falls Dam Road, New Portland, ME, 04961 generates $0/mo in rent, after a $1,121/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -2.94% in year one, and rental yield is 0% on a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation builds toward $63,268 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04961, North New Portland, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 815 (100%) |
| Owner Occupied HU | 430 (52.8%) |
| Renter Occupied HU | 40 ( 4.9%) |
| Vacant Housing Units | 345 (42.3%) |
| Median Home Value | $167,672 |
| Average Home Value | $197,767 |
Housing Distribution
Address Breakdown
Residential
399
Single Family
399
Multi-Family
0
Businesses
11
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No similar rental properties found nearby.
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Listed by: N/A • Selling Mountains Realty
Mls Name: Maine Listings
Mls ID: #1647441