396 E Ridge RoadMars HillME04758
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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 Mars Hill at 396 E Ridge Road, Mars Hill, ME, 04758 with 5% annual appreciation on a $265,000 basis while $2,490/mo rent supports operations. Total monthly income totals $2,490/mo and a $1,297/mo payment preserves $818/mo for cash returns. Annual cash flow comes to $9,811/yr on $87,848 deployed, and return on cash invested reaches 31.08% in year one. Equity gained on principal adds $1,710/yr, and five-year appreciation sums $73,215 alongside rental yield of 11.28%. Five-year ROI measures 162.9% and total cumulative return in cash totals $143,103.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,490/mo property income versus a $1,297/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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
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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