449 Durham Bridge RoadNewportME04953
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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 Newport at 449 Durham Bridge Road, Newport, ME, 04953 uses $72,897 cash to close to unlock $2,286/yr annual cash flow and $190/mo monthly cash flow. Total monthly income runs $1,578/mo, and a $1,076/mo payment keeps the spread at $190/mo. Purchase price stands at $219,900, and rental yield measures 8.61% with $1,578/mo rent. Return on cash invested shows 23.04% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 119.85% and total cumulative return in cash records $87,364. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,578/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Manufactured
Built in 2003
2.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04953, Newport, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,780 (100%) |
| Owner Occupied HU | 966 (54.3%) |
| Renter Occupied HU | 444 (24.9%) |
| Vacant Housing Units | 370 (20.8%) |
| Median Home Value | $269,469 |
| Average Home Value | $304,335 |
Housing Distribution
Address Breakdown
Residential
1,499
Single Family
1,449
Multi-Family
50
Businesses
184
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