28 Ridgewood DrEliotME03903
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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 Eliot at 28 Ridgewood Dr, Eliot, ME, 03903 generates $3,636/mo in rent and, after a $2,502/mo payment, leaves $410/mo in cash flow. Total monthly income is $3,636/mo, and annual cash flow is $4,919/yr on $168,152 invested. Return on cash invested sits at 22.99% in year one, and rental yield is 8.54% on a $511,100 entry. Equity gained on principal adds $3,298/yr, while 5% annual appreciation builds toward $141,208 over five years. Five-year ROI reaches 119.46% and total cumulative return in cash sums $200,869. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,636/mo property income rather than buyer’s personal income.
Single Family
Built in 1982
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03903, Eliot, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,085 (100%) |
| Owner Occupied HU | 2,494 (80.8%) |
| Renter Occupied HU | 419 (13.6%) |
| Vacant Housing Units | 172 ( 5.6%) |
| Median Home Value | $606,849 |
| Average Home Value | $638,798 |
Housing Distribution
Address Breakdown
Residential
2,864
Single Family
2,756
Multi-Family
108
Businesses
248
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