30 Cannard StreetSouth GardinerME04359
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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 South Gardiner at 30 Cannard Street, South Gardiner, ME, 04359 uses $125,970 cash to close to unlock $2,036/yr annual cash flow and $170/mo monthly cash flow. Total monthly income runs $2,568/mo, and a $1,860/mo payment keeps the spread at $170/mo. Purchase price stands at $380,000, and rental yield measures 8.11% with $2,568/mo rent. Return on cash invested shows 21.53% in year one, and 5% annual appreciation builds toward $104,987 over five years. Five-year ROI reaches 111.67% and total cumulative return in cash records $140,677. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,568/mo property income covering a $1,860/mo payment rather than investor’s personal income.
Single Family
Built in 1880
1.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04359, South Gardiner, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 189 (100%) |
| Owner Occupied HU | 147 (77.8%) |
| Renter Occupied HU | 29 (15.3%) |
| Vacant Housing Units | 13 ( 6.9%) |
| Median Home Value | $220,714 |
| Average Home Value | $237,568 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
10
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Listed by: N/A • Strategic Real Estate Services
Mls Name: Maine Listings
Mls ID: #1638523