37 Wings Mills RoadReadfieldME04355
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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 Readfield at 37 Wings Mills Road, Readfield, ME, 04355 with 5% annual appreciation on a $145,000 basis while $1,165/mo rent supports operations. Total monthly income totals $1,165/mo and a $710/mo payment preserves $250/mo for cash returns. Annual cash flow comes to $2,995/yr on $48,068 deployed, and return on cash invested reaches 26.14% in year one. Equity gained on principal adds $936/yr, and five-year appreciation sums $40,061 alongside rental yield of 9.64%. Five-year ROI measures 136.48% and total cumulative return in cash totals $65,600.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,165/mo property income versus a $710/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1986
2.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04355, Readfield, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,461 (100%) |
| Owner Occupied HU | 1,062 (72.7%) |
| Renter Occupied HU | 95 ( 6.5%) |
| Vacant Housing Units | 304 (20.8%) |
| Median Home Value | $325,666 |
| Average Home Value | $335,372 |
Housing Distribution
Address Breakdown
Residential
939
Single Family
939
Multi-Family
0
Businesses
55
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