57 Oaken Ridge #57North YarmouthME04097
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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 North Yarmouth at 57 Oaken Ridge #57, North Yarmouth, ME, 04097 generates $2,280/mo in rent, after a $1,919/mo payment. Total monthly income is $2,280/mo. Return on cash invested sits at 18.11% in year one, and rental yield is 6.98% on a $392,000 entry. Equity gained on principal adds $2,530/yr, while 5% annual appreciation builds toward $108,302 over five years. Five-year ROI reaches 93.38% and total cumulative return in cash sums $121,344. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,280/mo property income rather than buyer’s personal income.
Condo
Built in 1990
19.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04097, North Yarmouth, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,629 (100%) |
| Owner Occupied HU | 1,447 (88.8%) |
| Renter Occupied HU | 143 ( 8.8%) |
| Vacant Housing Units | 39 ( 2.4%) |
| Median Home Value | $586,659 |
| Average Home Value | $636,885 |
Housing Distribution
Address Breakdown
Residential
1,653
Single Family
1,653
Multi-Family
0
Businesses
37
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Listed by: N/A • Advisors Living, LLC
Mls Name: Maine Listings
Mls ID: #1636497