32 Spring StreetGardinerME04345
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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
Investment property for sale in Gardiner at 32 Spring Street, Gardiner, ME, 04345 at $295,455 posts ROI 26.76% with $559/mo cash flow from $2,424/mo rent. Total monthly income equals $2,424/mo, and annual cash flow records $6,713/yr on $97,943 to close. Return on cash invested measures 26.76% and rental yield reads 9.85% at the current $295,455. Equity gained on principal adds $1,907/yr, and 5% annual appreciation supports $81,629 by year five. Five-year ROI prints 139.8% and total cumulative return in cash totals $136,921.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,424/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1997
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04345, Gardiner, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,801 (100%) |
| Owner Occupied HU | 4,061 (70.0%) |
| Renter Occupied HU | 1,215 (20.9%) |
| Vacant Housing Units | 525 ( 9.1%) |
| Median Home Value | $247,937 |
| Average Home Value | $268,862 |
Housing Distribution
Address Breakdown
Residential
5,434
Single Family
5,274
Multi-Family
160
Businesses
297
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