492 East River RoadSkowheganME04976
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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
Investment Highlights
Investment property for sale in Skowhegan at 492 East River Road, Skowhegan, ME, 04976 with 5% annual appreciation on a $350,000 basis while $2,590/mo rent supports operations. Total monthly income totals $2,590/mo and a $1,713/mo payment preserves $381/mo for cash returns. Annual cash flow comes to $4,574/yr on $116,025 deployed, and return on cash invested reaches 23.85% in year one. Equity gained on principal adds $2,258/yr, and five-year appreciation sums $96,699 alongside rental yield of 8.88%. Five-year ROI measures 124.17% and total cumulative return in cash totals $144,074.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,590/mo property income versus a $1,713/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1889
4 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
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