490 Fairbanks RdFarmingtonME04938
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
Investment property for sale in Farmington at 490 Fairbanks Rd, Farmington, ME, 04938 at $227,300 posts ROI 28.11% with $515/mo cash flow from $1,950/mo rent. Total monthly income equals $1,950/mo, and annual cash flow records $6,180/yr on $75,350 to close. Return on cash invested measures 28.11% and rental yield reads 10.29% at the current $227,300. Equity gained on principal adds $1,467/yr, and 5% annual appreciation supports $62,799 by year five. Five-year ROI prints 146.98% and total cumulative return in cash totals $110,747.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,950/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04938, Farmington, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,048 (100%) |
| Owner Occupied HU | 2,727 (54.0%) |
| Renter Occupied HU | 1,439 (28.5%) |
| Vacant Housing Units | 882 (17.5%) |
| Median Home Value | $271,206 |
| Average Home Value | $352,001 |
Housing Distribution
Address Breakdown
Residential
3,976
Single Family
3,638
Multi-Family
338
Businesses
419
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A