306 Maine AvenueFarmingdaleME04344
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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 Farmingdale at 306 Maine Avenue, Farmingdale, ME, 04344 uses $171,047 cash to close to unlock $306/yr annual cash flow and $25/mo monthly cash flow. Total monthly income runs $3,307/mo, and a $2,545/mo payment keeps the spread at $25/mo. Purchase price stands at $519,900, and rental yield measures 7.63% with $3,307/mo rent. Return on cash invested shows 20.24% in year one, and 5% annual appreciation builds toward $143,639 over five years. Five-year ROI reaches 104.76% and total cumulative return in cash records $179,188. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,307/mo property income covering a $2,545/mo payment rather than investor’s personal income.
Single Family
Built in 1862
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04344, Farmingdale, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,404 (100%) |
| Owner Occupied HU | 944 (67.2%) |
| Renter Occupied HU | 379 (27.0%) |
| Vacant Housing Units | 81 ( 5.8%) |
| Median Home Value | $245,200 |
| Average Home Value | $253,763 |
Housing Distribution
Address Breakdown
Residential
1,392
Single Family
1,285
Multi-Family
107
Businesses
96
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Listed by: N/A • Integrity Homes Real Estate Group, PC
Mls Name: Maine Listings
Mls ID: #1641596