306 Eddy Road #309EdgecombME04556
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 306 Eddy Road #309, Edgecomb, ME, 04556 in Edgecomb achieves 1.70, rent of $1,301/mo covers the $764/mo payment 1.5x over at $170,000. Rental yield 9.18%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $46,968 over five years, with $1,566/yr in principal reduction bringing total projected return to $79,308.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 7.5% |
| Monthly Cash Flow | $(11) | $450 |
City averages based on Edgecomb market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,301 |
| Total Monthly Debt Service | $1,005 |
| DSCR Ratio | 1.29x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices