3047&3049 Carrabassett DriveKingfieldME04947
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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 Kingfield at 3047&3049 Carrabassett Drive, Kingfield, ME, 04947 offers a 6.69% rental yield on a $495,000 purchase with $2,760/mo rent. 25% in year one. Equity gained on principal adds $3,194/yr while 5% annual appreciation supports $136,759 over five years. Portfolio math shows five-year ROI at 88.72% and total cumulative return in cash at $145,582. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,760/mo property income against a $2,423/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04947, Kingfield, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,099 (100%) |
| Owner Occupied HU | 782 (25.2%) |
| Renter Occupied HU | 148 ( 4.8%) |
| Vacant Housing Units | 2,169 (70.0%) |
| Median Home Value | $288,258 |
| Average Home Value | $327,462 |
Housing Distribution
Address Breakdown
Residential
861
Single Family
821
Multi-Family
40
Businesses
123
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Listed by: N/A • Engel & Volkers Casco Bay
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1602906
Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782