489 Back Road, Skowhegan, ME, 04976 | $116/mo Cash Flow

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

Investment property for sale in Skowhegan at 489 Back Road, Skowhegan, ME, 04976 listed at $222,600 pairs $1,521/mo rent with a $1,090/mo payment to leave $116/mo cash flow. Total monthly income runs $1,521/mo, and annual cash flow reaches $1,388/yr on $73,792 cash to close. Return on cash invested measures 21.79% in year one, and rental yield registers 8.2% at a $222,600 basis. Equity gained on principal adds $1,436/yr, and annual property appreciation at 5% supports $61,500 by year five. Five-year ROI tracks 113.08% and total cumulative return in cash totals $83,447. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,521/mo property income relative to a $1,090/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

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