374-376 Alfred StreetBiddefordME04005
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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 Biddeford at 374-376 Alfred Street, Biddeford, ME, 04005 earns $170/mo cash flow from $3,073/mo rent with a $2,251/mo payment. Total monthly income totals $3,073/mo, and annual cash flow totals $2,044/yr on $152,490 capital. ROI tracks 21.25% on current figures, and rental yield reads 8.02% at a $460,000 purchase. Equity gained on principal adds $2,968/yr, and 5% annual appreciation supports $127,090 over five years. Five-year ROI reaches 110.2% and total cumulative return in cash sums $168,049. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,073/mo property income instead of your personal income.
Multi Family
Built in 1940
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04005, Biddeford, ME area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
11,059
Single Family
10,077
Multi-Family
982
Businesses
987
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