400 West StreetBiddefordME04005
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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 Biddeford at 400 West Street, Biddeford, ME, 04005 priced at $575,000 converts $3,688/mo rent into $59/mo cash flow after a $2,814/mo obligation. Total monthly income equals $3,688/mo, and annual cash flow totals $713/yr on $189,175 invested. Return on cash invested prints 20.44% in year one, and rental yield reads 7.7% against a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation compiles into $158,862 by year five. Five-year ROI reaches 105.81% and total cumulative return in cash sums $200,171. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,688/mo property income covering a $2,814/mo payment, not borrower’s personal income.
Single Family
Built in 2015
1.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04005, Biddeford, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,793 (100%) |
| Owner Occupied HU | 5,606 (47.5%) |
| Renter Occupied HU | 5,202 (44.1%) |
| Vacant Housing Units | 985 ( 8.4%) |
| Median Home Value | $455,712 |
| Average Home Value | $523,001 |
Housing Distribution
Address Breakdown
Residential
11,059
Single Family
10,077
Multi-Family
982
Businesses
987
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