489 Back RoadSkowheganME04976
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 489 Back Road, Skowhegan, ME, 04976 in Skowhegan is narrow, $116/mo net on $1,521/mo rent after the $1,001/mo debt service, but the property operates at break-even-plus, not a loss. At $222,600 with a 8.2% yield, the long-run equity case via 5% appreciation ($61,500 over five years) and $2,050/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.52 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $91,996.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 6.5% |
| Monthly Cash Flow | $116 | $600 |
City averages based on Skowhegan market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,521 |
| Total Monthly Debt Service | $1,316 |
| DSCR Ratio | 1.16x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1790
5.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04976, Skowhegan, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,990 (100%) |
| Owner Occupied HU | 2,937 (58.9%) |
| Renter Occupied HU | 1,488 (29.8%) |
| Vacant Housing Units | 565 (11.3%) |
| Median Home Value | $191,243 |
| Average Home Value | $232,858 |
Housing Distribution
Address Breakdown
Residential
4,559
Single Family
4,330
Multi-Family
229
Businesses
426
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
Single Family
Built in 1790
5.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04976, Skowhegan, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,990 (100%) |
| Owner Occupied HU | 2,937 (58.9%) |
| Renter Occupied HU | 1,488 (29.8%) |
| Vacant Housing Units | 565 (11.3%) |
| Median Home Value | $191,243 |
| Average Home Value | $232,858 |
Housing Distribution
Address Breakdown
Residential
4,559
Single Family
4,330
Multi-Family
229
Businesses
426
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices