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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Lyman at 5 Conifer Drive, Lyman, ME, 04002 at $324,000 posts ROI 23.8% with $348/mo cash flow from $3,043/mo rent. Total monthly income equals $3,043/mo, and annual cash flow records $4,176/yr on $107,406 to close. Return on cash invested measures 23.8% and rental yield reads 11.27% at the current $324,000. Equity gained on principal adds $2,091/yr, and 5% annual appreciation supports $89,515 by year five. Five-year ROI prints 126.48% and total cumulative return in cash totals $135,851.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,043/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 2018
0.50 Acres lot
$N/A/sqft
$650 monthly HOA
Neighborhood data shown for ZIP Code: 04002, Alfred, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,863 (100%) |
| Owner Occupied HU | 2,887 (74.7%) |
| Renter Occupied HU | 403 (10.4%) |
| Vacant Housing Units | 573 (14.8%) |
| Median Home Value | $461,084 |
| Average Home Value | $510,512 |
Residential
3,106
Single Family
3,091
Multi-Family
15
Businesses
145
Date | Event | Price |
|---|---|---|
| 2024-09-20 | Price change | $324,000 |
| 2024-07-29 | Price change | $364,900 |
| 2024-05-13 | Listed for sale | $369,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-10-15 | $2200.00 | 1.95% | $188,000 | N/A |
| 2021-10-15 | $2158.00 | N/A | $188,000 | N/A |
| 2020-10-15 | $2158.00 | 3.06% | $188,000 | -6.00% |
Listed by: N/A • Coldwell Banker Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1604466
Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
