408 Corinth RoadGarlandME04939
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 408 Corinth Road, Garland, ME, 04939 in Garland hard to pass up. The 17.28% gross yield on a $110,000 purchase results in $1,584/mo in rent and $890/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (3.20). Annual cash flow of $10,677, five-year appreciation of $30,391, and $1,013/yr in equity build-up combine for a projected total cumulative return of $99,049.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 17.3% | 7.1% |
| Monthly Cash Flow | $890 | $250 |
City averages based on Garland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,584 |
| Total Monthly Debt Service | $650 |
| DSCR Ratio | 2.44x |
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.
Manufactured
Built in 1989
3.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04939, Garland, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 578 (100%) |
| Owner Occupied HU | 425 (73.5%) |
| Renter Occupied HU | 30 ( 5.2%) |
| Vacant Housing Units | 123 (21.3%) |
| Median Home Value | $230,405 |
| Average Home Value | $272,124 |
Housing Distribution
Address Breakdown
Residential
427
Single Family
427
Multi-Family
0
Businesses
9
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
Manufactured
Built in 1989
3.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04939, Garland, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 578 (100%) |
| Owner Occupied HU | 425 (73.5%) |
| Renter Occupied HU | 30 ( 5.2%) |
| Vacant Housing Units | 123 (21.3%) |
| Median Home Value | $230,405 |
| Average Home Value | $272,124 |
Housing Distribution
Address Breakdown
Residential
427
Single Family
427
Multi-Family
0
Businesses
9
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices