376 Battle Ridge RoadCanaanME04924
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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
Rental property for sale in Canaan at 376 Battle Ridge Road, Canaan, ME, 04924 generates $1,919/mo in rent and, after a $1,346/mo payment, leaves $183/mo in cash flow. Total monthly income is $1,919/mo, and annual cash flow is $2,201/yr on $91,163 invested. Return on cash invested sits at 22.32% in year one, and rental yield is 8.37% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 115.98% and total cumulative return in cash sums $105,731. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,919/mo property income rather than buyer’s personal income.
Manufactured
Built in 1997
2.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04924, Canaan, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,222 (100%) |
| Owner Occupied HU | 844 (69.1%) |
| Renter Occupied HU | 192 (15.7%) |
| Vacant Housing Units | 186 (15.2%) |
| Median Home Value | $171,034 |
| Average Home Value | $220,382 |
Housing Distribution
Address Breakdown
Residential
839
Single Family
839
Multi-Family
0
Businesses
42
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