39 Lake View DriveSmithfieldME04978
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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 Smithfield at 39 Lake View Drive, Smithfield, ME, 04978 offers a 6.62% rental yield on a $419,000 purchase with $2,310/mo rent. 02% in year one. Equity gained on principal adds $2,704/yr while 5% annual appreciation supports $115,762 over five years. Portfolio math shows five-year ROI at 87.52% and total cumulative return in cash at $121,565. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,310/mo property income against a $2,051/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1906
4.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04978, Smithfield, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 640 (100%) |
| Owner Occupied HU | 365 (57.0%) |
| Renter Occupied HU | 39 ( 6.1%) |
| Vacant Housing Units | 236 (36.9%) |
| Median Home Value | $293,382 |
| Average Home Value | $377,041 |
Housing Distribution
Address Breakdown
Residential
399
Single Family
399
Multi-Family
0
Businesses
20
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Listed by: N/A • Better Homes & Gardens Real Estate/The Masiello Group
Mls Name: Maine Listings
Mls ID: #1636977