33 Riley Ridge LaneLitchfieldME04350
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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
Rental property for sale in Litchfield at 33 Riley Ridge Lane, Litchfield, ME, 04350 generates $1,500/mo in rent, after a $3,079/mo payment. Total monthly income is $1,500/mo. Return on cash invested sits at 5.74% in year one, and rental yield is 2.86% on a $629,000 entry. Equity gained on principal adds $4,059/yr, while 5% annual appreciation builds toward $173,781 over five years. Five-year ROI reaches 26.96% and total cumulative return in cash sums $55,797. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,500/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
1.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04350, Litchfield, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,945 (100%) |
| Owner Occupied HU | 1,387 (71.3%) |
| Renter Occupied HU | 205 (10.5%) |
| Vacant Housing Units | 353 (18.1%) |
| Median Home Value | $264,507 |
| Average Home Value | $294,084 |
Housing Distribution
Address Breakdown
Residential
1,580
Single Family
1,580
Multi-Family
0
Businesses
53
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Listed by: N/A • Keller Williams Realty
Mls Name: Maine Listings
Mls ID: #1635163