








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in Richmond at 38 Hardscrabble Lane, Richmond, ME, 04357 generates $2,843/mo in rent and, after a $1,898/mo payment, leaves $396/mo in cash flow. Total monthly income is $2,843/mo, and annual cash flow is $4,746/yr on $128,576 invested. Return on cash invested sits at 23.6% in year one, and rental yield is 8.8% on a $387,860 entry. Equity gained on principal adds $2,503/yr, while 5% annual appreciation builds toward $107,159 over five years. Five-year ROI reaches 122.8% and total cumulative return in cash sums $157,892. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,843/mo property income rather than buyer’s personal income.
Multi Family
Built in 1990
6.30 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 04357, Richmond, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,641 (100%) |
| Owner Occupied HU | 1,121 (68.3%) |
| Renter Occupied HU | 353 (21.5%) |
| Vacant Housing Units | 167 (10.2%) |
| Median Home Value | $254,228 |
| Average Home Value | $307,295 |
Residential
1,610
Single Family
1,556
Multi-Family
54
Businesses
115
Date | Event | Price |
|---|---|---|
| 2025-06-19 | Listed for sale | $387,860 |
| 2022-06-03 | Sold | $150,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-06-29 | $3924.00 | 9.98% | $182,500 | N/A |
| 2022-06-29 | $3568.00 | N/A | $182,500 | N/A |
| 2021-06-29 | $3568.00 | N/A | $182,500 | N/A |



Listed by: N/A • www.HomeZu.com
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1627421
Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782