42 Summer StBiddefordME04005
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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 42 Summer St, Biddeford, ME, 04005 offers $2,064/mo rent that, after a $1,199/mo payment, leaves $459/mo cash flow. Total monthly income is $2,064/mo, and annual cash flow is $5,509/yr on $81,218 cash. Return on cash invested measures 26.69% in year one, and rental yield stands at 10.11% at a $245,000 entry. Equity gained on principal adds $1,581/yr while 5% annual appreciation compounds into $67,689 by year five. Five-year ROI records 139.73% and total cumulative return in cash reaches $113,484. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,064/mo property income versus a $1,199/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1880
4,356 sqft 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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