303 Main RoadMilfordME04461
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
Investment Highlights
Rental property for sale in Milford at 303 Main Road, Milford, ME, 04461 priced at $185,000 converts $1,550/mo rent into $383/mo cash flow after a $905/mo obligation. Total monthly income equals $1,550/mo, and annual cash flow totals $4,595/yr on $61,328 invested. Return on cash invested prints 27.4% in year one, and rental yield reads 10.05% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 143.18% and total cumulative return in cash sums $87,807. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,550/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in N/A
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04461, Milford, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,322 (100%) |
| Owner Occupied HU | 954 (72.2%) |
| Renter Occupied HU | 270 (20.4%) |
| Vacant Housing Units | 98 ( 7.4%) |
| Median Home Value | $216,000 |
| Average Home Value | $209,746 |
Housing Distribution
Address Breakdown
Residential
943
Single Family
943
Multi-Family
0
Businesses
25
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