524A Ridge RoadSmyrna MillsME04780
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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
Total monthly income runs $700/mo, and a $1,468/mo payment. Purchase price stands at $300,000, and rental yield measures 2.8% with $700/mo rent. Return on cash invested shows 5.51% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 25.8% and total cumulative return in cash records $25,656. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $700/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 2023
15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04780, Smyrna Mills, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 402 (100%) |
| Owner Occupied HU | 235 (58.5%) |
| Renter Occupied HU | 37 ( 9.2%) |
| Vacant Housing Units | 130 (32.3%) |
| Median Home Value | $172,500 |
| Average Home Value | $205,915 |
Housing Distribution
Address Breakdown
Residential
212
Single Family
212
Multi-Family
0
Businesses
14
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Listed by: N/A • First Choice Real Estate
Mls Name: Maine Listings
Mls ID: #1599822