341 E Andover RoadEast AndoverME04226
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 341 E Andover Road, East Andover, ME, 04226 in East Andover: $2,305/mo in rent, $380/mo in net income, 9.07% gross yield, 1.68 DSCR, all at $305,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $84,266 in appreciation and $2,809/yr in principal paydown projects total cumulative return of $140,306.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 6.0% |
| Monthly Cash Flow | $380 | $850 |
City averages based on East Andover market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,305 |
| Total Monthly Debt Service | $1,804 |
| DSCR Ratio | 1.28x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1970
1.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04226, East Andover, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 80 (100%) |
| Owner Occupied HU | 53 (66.2%) |
| Renter Occupied HU | 5 ( 6.2%) |
| Vacant Housing Units | 22 (27.5%) |
| Median Home Value | $240,625 |
| Average Home Value | $286,274 |
Housing Distribution
Address Breakdown
Residential
35
Single Family
35
Multi-Family
0
Businesses
0
Nearby investment properties with comparable rents
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
Single Family
Built in 1970
1.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04226, East Andover, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 80 (100%) |
| Owner Occupied HU | 53 (66.2%) |
| Renter Occupied HU | 5 ( 6.2%) |
| Vacant Housing Units | 22 (27.5%) |
| Median Home Value | $240,625 |
| Average Home Value | $286,274 |
Housing Distribution
Address Breakdown
Residential
35
Single Family
35
Multi-Family
0
Businesses
0
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Maine Listings
Mls ID: #1653576