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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Biddeford at 34 Proctor Road, Biddeford, ME, 04005 offers a 3.22% rental yield on a $515,000 purchase with $1,380/mo rent. 81% in year one. Equity gained on principal adds $3,323/yr while 5% annual appreciation supports $142,285 over five years. Portfolio math shows five-year ROI at 32.75% and total cumulative return in cash at $55,489. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,380/mo property income against a $2,521/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
1.64 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 04005, Biddeford, ME area.
| 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 |
Residential
11,059
Single Family
10,077
Multi-Family
982
Businesses
987
Date | Event | Price |
|---|---|---|
| 2024-09-13 | Price change | $515,000 |
| 2024-08-27 | Listed for sale | $529,900 |
| 2022-10-08 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-10-15 | $4953.00 | 7.86% | $301,800 | 19.81% |
| 2021-10-15 | $4592.00 | 1.93% | $251,900 | 12.11% |
| 2020-10-15 | $4505.00 | 0.33% | $224,700 | N/A |
Listed by: N/A • Hearth & Key Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1601577
Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
