37 River Village Drive #37MilfordME04461
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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 Milford at 37 River Village Drive #37, Milford, ME, 04461 uses $69,582 cash to close to unlock $3,548/yr annual cash flow and $296/mo monthly cash flow. Total monthly income runs $1,620/mo, and a $1,027/mo payment keeps the spread at $296/mo. Purchase price stands at $209,900, and rental yield measures 9.26% with $1,620/mo rent. Return on cash invested shows 25.01% in year one, and 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 130.36% and total cumulative return in cash records $90,704. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,620/mo property income covering a $1,027/mo payment rather than investor’s personal income.
Condo
Built in 2007
11.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04461, Milford, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,322 (100%) |
| Owner Occupied HU | 954 (72.2%) |
| Renter Occupied HU | 270 (20.4%) |
| Vacant Housing Units | 98 ( 7.4%) |
| Median Home Value | $216,000 |
| Average Home Value | $209,746 |
Housing Distribution
Address Breakdown
Residential
943
Single Family
943
Multi-Family
0
Businesses
25
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