511 Kingman RoadKingmanME04451
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
Investment Highlights
Rental property for sale in Kingman at 511 Kingman Road, Kingman, ME, 04451 priced at $239,000 converts $1,721/mo rent into $212/mo cash flow after a $1,170/mo obligation. Total monthly income equals $1,721/mo, and annual cash flow totals $2,549/yr on $79,229 invested. Return on cash invested prints 23.13% in year one, and rental yield reads 8.64% against a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation compiles into $66,031 by year five. Five-year ROI reaches 120.29% and total cumulative return in cash sums $95,304. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,721/mo property income covering a $1,170/mo payment, not borrower’s personal income.
Single Family
Built in 2024
7.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04451, Kingman, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 179 (100%) |
| Owner Occupied HU | 91 (50.8%) |
| Renter Occupied HU | 13 ( 7.3%) |
| Vacant Housing Units | 75 (41.9%) |
| Median Home Value | $126,786 |
| Average Home Value | $183,709 |
Housing Distribution
Address Breakdown
Residential
111
Single Family
111
Multi-Family
0
Businesses
3
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