5 Goodwin StreetSpringvaleME04083
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 5 Goodwin Street, Springvale, ME, 04083 in Springvale. Rental yield 4.96%. At $464,900 with 4.96% gross yield, current distributions are modest, but the 5% appreciation rate projects $128,443 in new equity by year five, complemented by $4,282/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.92) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $111,333.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5% | 6.0% |
| Monthly Cash Flow | $(1,014) | $450 |
City averages based on Springvale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,920 |
| Total Monthly Debt Service | $2,749 |
| DSCR Ratio | 0.70x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1800
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04083, Springvale, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,114 (100%) |
| Owner Occupied HU | 1,318 (62.3%) |
| Renter Occupied HU | 666 (31.5%) |
| Vacant Housing Units | 130 ( 6.1%) |
| Median Home Value | $416,379 |
| Average Home Value | $426,354 |
Housing Distribution
Address Breakdown
Residential
2,002
Single Family
1,904
Multi-Family
98
Businesses
159
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
Multi Family
Built in 1800
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04083, Springvale, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,114 (100%) |
| Owner Occupied HU | 1,318 (62.3%) |
| Renter Occupied HU | 666 (31.5%) |
| Vacant Housing Units | 130 ( 6.1%) |
| Median Home Value | $416,379 |
| Average Home Value | $426,354 |
Housing Distribution
Address Breakdown
Residential
2,002
Single Family
1,904
Multi-Family
98
Businesses
159
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Plowman Realty Group
Mls Name: Maine Listings
Mls ID: #1641717