53 Pike StreetBiddefordME04005
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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
Rental property for sale in Biddeford at 53 Pike Street, Biddeford, ME, 04005 priced at $450,000 pairs $2,863/mo rent with $23/mo cash flow after a $2,203/mo payment. Total monthly income equals $2,863/mo, and annual cash flow comes to $270/yr on $149,175 invested. Return on cash invested is 20.09% in year one, and rental yield stands at 7.63% on a $450,000 basis. Equity gained on principal adds $2,904/yr, and 5% annual appreciation accumulates to $124,327 by year five. Five-year ROI measures 103.98% and total cumulative return in cash reaches $155,106. For financing, Ziffy Mortgage’s DSCR program evaluates $2,863/mo property income against a $2,203/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1900
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04005, Biddeford, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,793 (100%) |
| Owner Occupied HU | 5,606 (47.5%) |
| Renter Occupied HU | 5,202 (44.1%) |
| Vacant Housing Units | 985 ( 8.4%) |
| Median Home Value | $455,712 |
| Average Home Value | $523,001 |
Housing Distribution
Address Breakdown
Residential
11,059
Single Family
10,077
Multi-Family
982
Businesses
987
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