504 Water StreetGardinerME04345
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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 Gardiner at 504 Water Street, Gardiner, ME, 04345 offers a 9.12% rental yield on a $349,900 purchase with $2,658/mo rent. Total monthly income registers $2,658/mo, and a $1,713/mo payment leaves $449/mo available for distribution. Annual cash flow reaches $5,392/yr on $115,992 to close, and return on cash invested stands at 24.56% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,671 over five years. Portfolio math shows five-year ROI at 127.95% and total cumulative return in cash at $148,410. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,658/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1870
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04345, Gardiner, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,801 (100%) |
| Owner Occupied HU | 4,061 (70.0%) |
| Renter Occupied HU | 1,215 (20.9%) |
| Vacant Housing Units | 525 ( 9.1%) |
| Median Home Value | $247,937 |
| Average Home Value | $268,862 |
Housing Distribution
Address Breakdown
Residential
5,434
Single Family
5,274
Multi-Family
160
Businesses
297
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