296 Water StreetRandolphME04346
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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
Investment property for sale in Randolph at 296 Water Street, Randolph, ME, 04346 offers a 10.22% rental yield on a $359,900 purchase with $3,065/mo rent. Total monthly income registers $3,065/mo, and a $1,762/mo payment leaves $793/mo available for distribution. Annual cash flow reaches $9,518/yr on $119,307 to close, and return on cash invested stands at 27.89% in year one. Equity gained on principal adds $2,322/yr while 5% annual appreciation supports $99,434 over five years. Portfolio math shows five-year ROI at 145.8% and total cumulative return in cash at $173,954. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,065/mo property income against a $1,762/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04346, Randolph, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 910 (100%) |
| Owner Occupied HU | 609 (66.9%) |
| Renter Occupied HU | 222 (24.4%) |
| Vacant Housing Units | 79 ( 8.7%) |
| Median Home Value | $157,300 |
| Average Home Value | $169,573 |
Housing Distribution
Address Breakdown
Residential
870
Single Family
815
Multi-Family
55
Businesses
35
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