576 Horseback RoadCarmelME04419
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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 Carmel at 576 Horseback Road, Carmel, ME, 04419 offers $2,339/mo rent that, after a $1,957/mo payment. Total monthly income is $2,339/mo. Return on cash invested measures 18.24% in year one, and rental yield stands at 7.02% at a $399,900 entry. Equity gained on principal adds $2,580/yr while 5% annual appreciation compounds into $110,485 by year five. Five-year ROI records 94.06% and total cumulative return in cash reaches $124,688. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,339/mo property income versus a $1,957/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04419, Carmel, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,249 (100%) |
| Owner Occupied HU | 929 (74.4%) |
| Renter Occupied HU | 231 (18.5%) |
| Vacant Housing Units | 89 ( 7.1%) |
| Median Home Value | $288,904 |
| Average Home Value | $310,011 |
Housing Distribution
Address Breakdown
Residential
1,186
Single Family
1,186
Multi-Family
0
Businesses
46
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Listed by: N/A • Berkshire Hathaway HomeServices Northeast Real Estate
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1606763
Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782