283 Church RoadReadfieldME04355
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingSteady, low-maintenance, and fundable: 283 Church Road, Readfield, ME, 04355 in Readfield at $395,000. Rental yield 6.38%. The 6.38% yield and 1.18 DSCR put this right in the range Ziffy Mortgage approves for non-U.S. investors without W-2s or domestic credit. Appreciation at 5%/yr is projected to add $109,131 by year five, and $3,638/yr in principal reduction steadily grows the investor's stake. Total projected cumulative return: $124,752.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.4% | 7.0% |
| Monthly Cash Flow | $(393) | $600 |
City averages based on Readfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,100 |
| Total Monthly Debt Service | $2,336 |
| DSCR Ratio | 0.90x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2004
8.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04355, Readfield, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,461 (100%) |
| Owner Occupied HU | 1,062 (72.7%) |
| Renter Occupied HU | 95 ( 6.5%) |
| Vacant Housing Units | 304 (20.8%) |
| Median Home Value | $325,666 |
| Average Home Value | $335,372 |
Housing Distribution
Address Breakdown
Residential
939
Single Family
939
Multi-Family
0
Businesses
55
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
Single Family
Built in 2004
8.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04355, Readfield, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,461 (100%) |
| Owner Occupied HU | 1,062 (72.7%) |
| Renter Occupied HU | 95 ( 6.5%) |
| Vacant Housing Units | 304 (20.8%) |
| Median Home Value | $325,666 |
| Average Home Value | $335,372 |
Housing Distribution
Address Breakdown
Residential
939
Single Family
939
Multi-Family
0
Businesses
55
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices