467 East Madrid RoadPhillipsME04966
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Nearby investment properties with comparable prices
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 Phillips at 467 East Madrid Road, Phillips, ME, 04966 offers a 6.86% rental yield on a $415,000 purchase with $2,371/mo rent. 75% in year one. Equity gained on principal adds $2,678/yr while 5% annual appreciation supports $114,657 over five years. Portfolio math shows five-year ROI at 91.44% and total cumulative return in cash at $125,793. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,371/mo property income against a $2,031/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04966, Phillips, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,304 (100%) |
| Owner Occupied HU | 641 (49.2%) |
| Renter Occupied HU | 119 ( 9.1%) |
| Vacant Housing Units | 544 (41.7%) |
| Median Home Value | $217,628 |
| Average Home Value | $257,383 |
Housing Distribution
Address Breakdown
Residential
667
Single Family
647
Multi-Family
20
Businesses
36
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