302 Eddy Road #302EdgecombME04556
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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 Edgecomb at 302 Eddy Road #302, Edgecomb, ME, 04556 offers a 9.15% rental yield on a $145,000 purchase with $1,106/mo rent. Total monthly income registers $1,106/mo, and a $710/mo payment leaves $191/mo available for distribution. Annual cash flow reaches $2,287/yr on $48,068 to close, and return on cash invested stands at 24.67% in year one. Equity gained on principal adds $936/yr while 5% annual appreciation supports $40,061 over five years. Portfolio math shows five-year ROI at 128.56% and total cumulative return in cash at $61,796. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,106/mo property income against a $710/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2007
9 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04556, Edgecomb, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 810 (100%) |
| Owner Occupied HU | 478 (59.0%) |
| Renter Occupied HU | 75 ( 9.3%) |
| Vacant Housing Units | 257 (31.7%) |
| Median Home Value | $382,222 |
| Average Home Value | $559,786 |
Housing Distribution
Address Breakdown
Residential
557
Single Family
557
Multi-Family
0
Businesses
57
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