547 W Ridge RdCornvilleME04976
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 Cornville at 547 W Ridge Rd, Cornville, ME, 04976 priced at $167,110 pairs $1,331/mo rent with $276/mo cash flow after a $818/mo payment. Total monthly income equals $1,331/mo, and annual cash flow comes to $3,315/yr on $55,397 invested. Return on cash invested is 25.89% in year one, and rental yield stands at 9.56% on a $167,110 basis. Equity gained on principal adds $1,078/yr, and 5% annual appreciation accumulates to $46,169 by year five. Five-year ROI measures 135.17% and total cumulative return in cash reaches $74,882. For financing, Ziffy Mortgage’s DSCR program evaluates $1,331/mo property income against a $818/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04976, Skowhegan, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,990 (100%) |
| Owner Occupied HU | 2,937 (58.9%) |
| Renter Occupied HU | 1,488 (29.8%) |
| Vacant Housing Units | 565 (11.3%) |
| Median Home Value | $191,243 |
| Average Home Value | $232,858 |
Housing Distribution
Address Breakdown
Residential
4,559
Single Family
4,330
Multi-Family
229
Businesses
426
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