47 Belaire Drive, Springvale, ME, 04083 | 7.49% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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47 Belaire Drive, Springvale, ME, 04083 | 7.49% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Springvale at 47 Belaire Drive, Springvale, ME, 04083 priced at $519,900 converts $3,244/mo rent into after a $2,545/mo obligation. Total monthly income equals $3,244/mo. Return on cash invested prints 19.8% in year one, and rental yield reads 7.49% against a $519,900 entry. Equity gained on principal adds $3,355/yr, while 5% annual appreciation compiles into $143,639 by year five. Five-year ROI reaches 102.39% and total cumulative return in cash sums $175,132. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,244/mo property income covering a $2,545/mo payment, not borrower’s personal income.

Single Family

Built in 1999

4.60 Acres lot

$N/A/sqft

No HOA

More details about the property

Located in the heart of Springvale in an established neighborhood is where you'll find this lovingly maintained 3-bedroom, 2-bath Colonial offering comfort and privacy. Situated on a no-outlet street, the home features an inviting open front porch for relaxing and enjoying a morning coffee or winding down at the end of the day. Out back is the wooded acreage, 3 decks, patio and back yard fire pit great for gathering and perfect for stargazing and watching wildlife. The oversized 2 car garage allows for more storage space AND a huge open room above! In 2010 the sellers upgrade to a gorgeous custom cherry kitchen with quartz counters and many extras including pull out storage, soft close cabinets and drawers, built-in cutting board, gas cooktop, double ovens. new refrigerator and plenty of cabinets and bonus pantry. Convenient first floor laundry and updated first floor half bath. Recessed lighting in the kitchen, dining room, front porch and custom fit honeycomb blinds in all rooms. Central vac inside and outside. The 2 car garage, front porch and breezeway were all added in 2010. All this and more located on 4.6 acres! The owners have lovingly cared for this home since it's build in 1999. New flooring throughout the 2nd floor and all bedrooms have been painted. Close to Sanford/Springvale trail system. This one has it all!

Neighborhood Data

Neighborhood data shown for ZIP Code: 04083, Springvale, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,114 (100%)
Owner Occupied HU	1,318 (62.3%)
Renter Occupied HU	666 (31.5%)
Vacant Housing Units	130 ( 6.1%)
Median Home Value	$416,379
Average Home Value	$426,354