502 Newbury Neck RoadSurryME04684
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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 Surry at 502 Newbury Neck Road, Surry, ME, 04684 offers a 7.59% rental yield on a $389,000 purchase with $2,461/mo rent. Total monthly income registers $2,461/mo, and a $1,904/mo payment leaves $6/mo available for distribution. Annual cash flow reaches $71/yr on $128,954 to close, and return on cash invested stands at 19.96% in year one. Equity gained on principal adds $2,510/yr while 5% annual appreciation supports $107,474 over five years. Portfolio math shows five-year ROI at 103.29% and total cumulative return in cash at $133,194. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,461/mo property income against a $1,904/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04684, Surry, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,234 (100%) |
| Owner Occupied HU | 660 (53.5%) |
| Renter Occupied HU | 116 ( 9.4%) |
| Vacant Housing Units | 458 (37.1%) |
| Median Home Value | $435,870 |
| Average Home Value | $515,102 |
Housing Distribution
Address Breakdown
Residential
624
Single Family
624
Multi-Family
0
Businesses
34
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