290 Castle Island RoadBelgradeME04917
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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 Belgrade at 290 Castle Island Road, Belgrade, ME, 04917 priced at $595,000 pairs $4,631/mo rent with $876/mo cash flow after a $2,912/mo payment. Total monthly income equals $4,631/mo, and annual cash flow comes to $10,513/yr on $195,755 invested. Return on cash invested is 25.43% in year one, and rental yield stands at 9.34% on a $595,000 basis. Equity gained on principal adds $3,839/yr, and 5% annual appreciation accumulates to $164,388 by year five. Five-year ROI measures 132.6% and total cumulative return in cash reaches $259,562. For financing, Ziffy Mortgage’s DSCR program evaluates $4,631/mo property income against a $2,912/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2002
5.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04917, Belgrade, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,153 (100%) |
| Owner Occupied HU | 1,190 (55.3%) |
| Renter Occupied HU | 169 ( 7.8%) |
| Vacant Housing Units | 794 (36.9%) |
| Median Home Value | $351,793 |
| Average Home Value | $527,197 |
Housing Distribution
Address Breakdown
Residential
1,358
Single Family
1,358
Multi-Family
0
Businesses
60
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