5 Granite Drive #5SanfordME04073
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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 Sanford at 5 Granite Drive #5, Sanford, ME, 04073 offers a 6.85% rental yield on a $409,999 purchase with $2,340/mo rent. 72% in year one. Equity gained on principal adds $2,646/yr while 5% annual appreciation supports $113,275 over five years. Portfolio math shows five-year ROI at 91.29% and total cumulative return in cash at $124,079. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,340/mo property income against a $2,007/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04073, Sanford, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,136 (100%) |
| Owner Occupied HU | 4,936 (60.7%) |
| Renter Occupied HU | 2,604 (32.0%) |
| Vacant Housing Units | 596 ( 7.3%) |
| Median Home Value | $339,521 |
| Average Home Value | $423,443 |
Housing Distribution
Address Breakdown
Residential
7,486
Single Family
7,088
Multi-Family
398
Businesses
589
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