48 School Street, Cornish, ME, 04020 | 7.24% Rental Yield

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

Total monthly income runs $2,582/mo, and a $2,095/mo payment. Purchase price stands at $428,000, and rental yield measures 7.24% with $2,582/mo rent. Return on cash invested shows 18.9% in year one, and 5% annual appreciation builds toward $118,249 over five years. Five-year ROI reaches 97.59% and total cumulative return in cash records $138,467. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,582/mo property income covering a $2,095/mo payment rather than investor’s personal income.

Single Family

Built in 1890

1 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 04020, Cornish, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	793 (100%)
Owner Occupied HU	563 (71.0%)
Renter Occupied HU	133 (16.8%)
Vacant Housing Units	97 (12.2%)
Median Home Value	$441,195
Average Home Value	$475,133