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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 Alfred at 502 Gore Road, Alfred, ME, 04002 earns from $2,246/mo rent with a $2,227/mo payment. Total monthly income totals $2,246/mo. ROI tracks 14.93% on current figures, and rental yield reads 5.92% at a $454,900 purchase. Equity gained on principal adds $2,935/yr, and 5% annual appreciation supports $125,680 over five years. Five-year ROI reaches 76.32% and total cumulative return in cash sums $115,088. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,246/mo property income instead of your personal income.
Single Family
Built in 1983
3.95 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| 2024-10-22 | Listed for sale | $454,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-11-11 | $3460.00 | 4.37% | $192,200 | N/A |
| 2021-11-11 | $3315.00 | 5.17% | $192,200 | N/A |
| 2020-11-11 | $3152.00 | N/A | $192,200 | N/A |
Listed by: N/A • Century 21 North East
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1607545
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
