34 New Sharon RdIndustryME04938
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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 Industry at 34 New Sharon Rd, Industry, ME, 04938 offers $2,010/mo rent that, after a $1,361/mo payment, leaves $255/mo cash flow. Total monthly income is $2,010/mo, and annual cash flow is $3,062/yr on $92,157 cash. Return on cash invested measures 23.23% in year one, and rental yield stands at 8.68% at a $278,000 entry. Equity gained on principal adds $1,794/yr while 5% annual appreciation compounds into $76,806 by year five. Five-year ROI records 120.87% and total cumulative return in cash reaches $111,389. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,010/mo property income versus a $1,361/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Apartment
Built in N/A
1.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04938, Farmington, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,048 (100%) |
| Owner Occupied HU | 2,727 (54.0%) |
| Renter Occupied HU | 1,439 (28.5%) |
| Vacant Housing Units | 882 (17.5%) |
| Median Home Value | $271,206 |
| Average Home Value | $352,001 |
Housing Distribution
Address Breakdown
Residential
3,976
Single Family
3,638
Multi-Family
338
Businesses
419
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