48 Elm StreetWest NewfieldME04095
Nearby investment properties with comparable rents
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
Rental property for sale in West Newfield at 48 Elm Street, West Newfield, ME, 04095 offers $3,160/mo rent that, after a $1,297/mo payment, leaves $1,488/mo cash flow. Total monthly income is $3,160/mo, and annual cash flow is $17,853/yr on $87,814 cash. Return on cash invested measures 40.24% in year one, and rental yield stands at 14.31% at a $264,900 entry. Equity gained on principal adds $1,709/yr while 5% annual appreciation compounds into $73,187 by year five. Five-year ROI records 212.04% and total cumulative return in cash reaches $186,200. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,160/mo property income versus a $1,297/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1790
1.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04095, West Newfield, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,236 (100%) |
| Owner Occupied HU | 671 (54.3%) |
| Renter Occupied HU | 81 ( 6.6%) |
| Vacant Housing Units | 484 (39.2%) |
| Median Home Value | $363,298 |
| Average Home Value | $445,175 |
Housing Distribution
Address Breakdown
Residential
617
Single Family
617
Multi-Family
0
Businesses
19
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Listed by: N/A • Coldwell Banker Realty
Mls Name: Maine Listings
Mls ID: #1629830