29 Reef Point RoadAddisonME04606
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 29 Reef Point Road, Addison, ME, 04606 in Addison. Rental yield 2.5%. At $750,000 with 2.5% gross yield, current distributions are modest, but the 5% appreciation rate projects $207,211 in new equity by year five, complemented by $6,908/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.46) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $80,632.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.5% | 6.5% |
| Monthly Cash Flow | $(3,173) | $850 |
City averages based on Addison market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,560 |
| Total Monthly Debt Service | $4,435 |
| DSCR Ratio | 0.35x |
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 2025
4.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04606, Addison, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 767 (100%) |
| Owner Occupied HU | 459 (59.8%) |
| Renter Occupied HU | 80 (10.4%) |
| Vacant Housing Units | 228 (29.7%) |
| Median Home Value | $208,796 |
| Average Home Value | $281,885 |
Housing Distribution
Address Breakdown
Residential
530
Single Family
518
Multi-Family
12
Businesses
21
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 2025
4.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04606, Addison, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 767 (100%) |
| Owner Occupied HU | 459 (59.8%) |
| Renter Occupied HU | 80 (10.4%) |
| Vacant Housing Units | 228 (29.7%) |
| Median Home Value | $208,796 |
| Average Home Value | $281,885 |
Housing Distribution
Address Breakdown
Residential
530
Single Family
518
Multi-Family
12
Businesses
21
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices