317 Alfred Street #101BiddefordME04005
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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 Biddeford at 317 Alfred Street #101, Biddeford, ME, 04005 uses $109,064 cash to close to unlock $7,427/yr annual cash flow and $619/mo monthly cash flow. Total monthly income runs $2,695/mo, and a $1,610/mo payment keeps the spread at $619/mo. Purchase price stands at $329,000, and rental yield measures 9.83% with $2,695/mo rent. Return on cash invested shows 26.72% in year one, and 5% annual appreciation builds toward $90,897 over five years. Five-year ROI reaches 139.51% and total cumulative return in cash records $152,157. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,695/mo property income covering a $1,610/mo payment rather than investor’s personal income.
Condo
Built in 1890
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04005, Biddeford, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,793 (100%) |
| Owner Occupied HU | 5,606 (47.5%) |
| Renter Occupied HU | 5,202 (44.1%) |
| Vacant Housing Units | 985 ( 8.4%) |
| Median Home Value | $455,712 |
| Average Home Value | $523,001 |
Housing Distribution
Address Breakdown
Residential
11,059
Single Family
10,077
Multi-Family
982
Businesses
987
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