408 Farmington Falls RoadNew SharonME04955
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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 New Sharon at 408 Farmington Falls Road, New Sharon, ME, 04955 priced at $200,000 converts $1,890/mo rent into $628/mo cash flow after a $979/mo obligation. Total monthly income equals $1,890/mo, and annual cash flow totals $7,532/yr on $66,300 invested. Return on cash invested prints 31.27% in year one, and rental yield reads 11.34% against a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation compiles into $55,256 by year five. Five-year ROI reaches 163.94% and total cumulative return in cash sums $108,692. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,890/mo property income covering a $979/mo payment, not borrower’s personal income.
Manufactured
Built in 1984
14.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04955, New Sharon, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 737 (100%) |
| Owner Occupied HU | 558 (75.7%) |
| Renter Occupied HU | 75 (10.2%) |
| Vacant Housing Units | 104 (14.1%) |
| Median Home Value | $224,648 |
| Average Home Value | $239,126 |
Housing Distribution
Address Breakdown
Residential
605
Single Family
605
Multi-Family
0
Businesses
35
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Listed by: N/A • Allied Realty
Mls Name: Maine Listings
Mls ID: #1630830