42 Tate RoadCorinthME04427
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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 Corinth at 42 Tate Road, Corinth, ME, 04427 offers a 4.88% rental yield on a $309,900 purchase with $1,260/mo rent. 78% in year one. Equity gained on principal adds $2,000/yr while 5% annual appreciation supports $85,620 over five years. Portfolio math shows five-year ROI at 59.4% and total cumulative return in cash at $61,020. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,260/mo property income against a $1,517/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1991
3.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04427, Corinth, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,286 (100%) |
| Owner Occupied HU | 978 (76.0%) |
| Renter Occupied HU | 192 (14.9%) |
| Vacant Housing Units | 116 ( 9.0%) |
| Median Home Value | $205,952 |
| Average Home Value | $243,441 |
Housing Distribution
Address Breakdown
Residential
1,127
Single Family
1,103
Multi-Family
24
Businesses
54
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Listed by: N/A • NextHome Experience
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1620353
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