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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Biddeford at 59 Washington Street, Biddeford, ME, 04005 offers $1,833/mo rent that, after a $1,738/mo payment. Total monthly income is $1,833/mo. Return on cash invested measures 15.75% in year one, and rental yield stands at 6.2% at a $355,000 entry. Equity gained on principal adds $2,291/yr while 5% annual appreciation compounds into $98,080 by year five. Five-year ROI records 80.73% and total cumulative return in cash reaches $95,004. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,833/mo property income versus a $1,738/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1920
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 04005, Biddeford, ME area.
| 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 |
Residential
11,059
Single Family
10,077
Multi-Family
982
Businesses
987
Date | Event | Price |
|---|---|---|
| 2025-09-03 | Sold | $355,000 |
| 2025-08-04 | Pending sale | $375,000 |
| 2025-07-02 | Price change | $375,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-23 | $2005.00 | N/A | $152,800 | N/A |
| 2023-10-23 | $2005.00 | 20.64% | $152,800 | 50.84% |
| 2022-10-23 | $1662.00 | 5.52% | $101,300 | 17.25% |
Listed by: N/A • EXP Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1626391
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. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
