324 Village RoadSmithfieldME04978
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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 Smithfield at 324 Village Road, Smithfield, ME, 04978 uses $96,135 cash to close to unlock $5,210/yr annual cash flow and $434/mo monthly cash flow. Total monthly income runs $2,264/mo, and a $1,419/mo payment keeps the spread at $434/mo. Purchase price stands at $290,000, and rental yield measures 9.37% with $2,264/mo rent. Return on cash invested shows 25.33% in year one, and 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 132.09% and total cumulative return in cash records $126,988. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,264/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 1930
42.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04978, Smithfield, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 640 (100%) |
| Owner Occupied HU | 365 (57.0%) |
| Renter Occupied HU | 39 ( 6.1%) |
| Vacant Housing Units | 236 (36.9%) |
| Median Home Value | $293,382 |
| Average Home Value | $377,041 |
Housing Distribution
Address Breakdown
Residential
399
Single Family
399
Multi-Family
0
Businesses
20
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Listed by: N/A • Better Homes & Gardens Real Estate/The Masiello Group
Mls Name: Maine Listings
Mls ID: #1647540