36 Chickadee DriveAlfredME04002
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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 Alfred at 36 Chickadee Drive, Alfred, ME, 04002 uses $52,709 cash to close to unlock $2,925/yr annual cash flow and $244/mo monthly cash flow. Total monthly income runs $1,247/mo, and a $778/mo payment keeps the spread at $244/mo. Purchase price stands at $159,000, and rental yield measures 9.41% with $1,247/mo rent. Return on cash invested shows 25.46% in year one, and 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 132.8% and total cumulative return in cash records $69,996. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,247/mo property income covering a $778/mo payment rather than investor’s personal income.
Manufactured
Built in 1999
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04002, Alfred, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,863 (100%) |
| Owner Occupied HU | 2,887 (74.7%) |
| Renter Occupied HU | 403 (10.4%) |
| Vacant Housing Units | 573 (14.8%) |
| Median Home Value | $461,084 |
| Average Home Value | $510,512 |
Housing Distribution
Address Breakdown
Residential
3,106
Single Family
3,091
Multi-Family
15
Businesses
145
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