309 Sturtevant Hill RoadReadfieldME04355
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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 Readfield at 309 Sturtevant Hill Road, Readfield, ME, 04355 offers $1,573/mo rent that, after a $978/mo payment, leaves $312/mo cash flow. Total monthly income is $1,573/mo, and annual cash flow is $3,742/yr on $66,267 cash. Return on cash invested measures 25.56% in year one, and rental yield stands at 9.44% at a $199,900 entry. Equity gained on principal adds $1,290/yr while 5% annual appreciation compounds into $55,229 by year five. Five-year ROI records 133.28% and total cumulative return in cash reaches $88,321. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,573/mo property income versus a $978/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1911
3.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04355, Readfield, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,461 (100%) |
| Owner Occupied HU | 1,062 (72.7%) |
| Renter Occupied HU | 95 ( 6.5%) |
| Vacant Housing Units | 304 (20.8%) |
| Median Home Value | $325,666 |
| Average Home Value | $335,372 |
Housing Distribution
Address Breakdown
Residential
939
Single Family
939
Multi-Family
0
Businesses
55
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