396 E Ridge RoadMars HillME04758
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 396 E Ridge Road, Mars Hill, ME, 04758 in Mars Hill. Priced at $265,000, it generates $2,490/mo in gross rent and $818/mo in net monthly cash flow, a 11.28% yield that comfortably supports the 2.09 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $9,811. Five-year appreciation: $73,215. Equity from principal paydown: $2,441/yr. Total projected cumulative return: $153,223.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.3% | 6.0% |
| Monthly Cash Flow | $818 | $650 |
City averages based on Mars Hill market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,490 |
| Total Monthly Debt Service | $1,567 |
| DSCR Ratio | 1.59x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1995
2.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04758, Mars Hill, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 659 (100%) |
| Owner Occupied HU | 431 (65.4%) |
| Renter Occupied HU | 138 (20.9%) |
| Vacant Housing Units | 90 (13.7%) |
| Median Home Value | $176,389 |
| Average Home Value | $228,805 |
Housing Distribution
Address Breakdown
Residential
297
Single Family
245
Multi-Family
52
Businesses
45
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1995
2.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04758, Mars Hill, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 659 (100%) |
| Owner Occupied HU | 431 (65.4%) |
| Renter Occupied HU | 138 (20.9%) |
| Vacant Housing Units | 90 (13.7%) |
| Median Home Value | $176,389 |
| Average Home Value | $228,805 |
Housing Distribution
Address Breakdown
Residential
297
Single Family
245
Multi-Family
52
Businesses
45
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Keller Williams Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1626321
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