423 Sabbathday RoadNew GloucesterME04260
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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 Gloucester at 423 Sabbathday Road, New Gloucester, ME, 04260 priced at $785,000 converts $2,760/mo rent into after a $3,842/mo obligation. Total monthly income equals $2,760/mo. Return on cash invested prints 9.87% in year one, and rental yield reads 4.22% against a $785,000 entry. Equity gained on principal adds $5,065/yr, while 5% annual appreciation compiles into $216,881 by year five. Five-year ROI reaches 49.11% and total cumulative return in cash sums $126,830. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,760/mo property income covering a $3,842/mo payment, not borrower’s personal income.
Single Family
Built in 1999
0.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04260, New Gloucester, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,482 (100%) |
| Owner Occupied HU | 2,010 (81.0%) |
| Renter Occupied HU | 292 (11.8%) |
| Vacant Housing Units | 180 ( 7.3%) |
| Median Home Value | $398,868 |
| Average Home Value | $412,267 |
Housing Distribution
Address Breakdown
Residential
2,264
Single Family
2,264
Multi-Family
0
Businesses
155
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Listed by: N/A • Waypoint Brokers Collective
Mls Name: Maine Listings
Mls ID: #1638840