49,52 & 62 Parkway LaneManchesterME04351
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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 Manchester at 49,52 & 62 Parkway Lane, Manchester, ME, 04351 offers a 8.23% rental yield on a $399,000 purchase with $2,736/mo rent. Total monthly income registers $2,736/mo, and a $1,953/mo payment leaves $218/mo available for distribution. Annual cash flow reaches $2,613/yr on $132,269 to close, and return on cash invested stands at 21.88% in year one. Equity gained on principal adds $2,575/yr while 5% annual appreciation supports $110,236 over five years. Portfolio math shows five-year ROI at 113.6% and total cumulative return in cash at $150,254. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,736/mo property income against a $1,953/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1979
7.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04351, Manchester, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,324 (100%) |
| Owner Occupied HU | 970 (73.3%) |
| Renter Occupied HU | 160 (12.1%) |
| Vacant Housing Units | 194 (14.7%) |
| Median Home Value | $343,089 |
| Average Home Value | $420,402 |
Housing Distribution
Address Breakdown
Residential
1,028
Single Family
972
Multi-Family
56
Businesses
113
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Listed by: N/A • Keller Williams Realty
Mls Name: Maine Listings
Mls ID: #1634530