596 New Canada RoadNew CanadaME04743
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestment property for sale in New Canada at 596 New Canada Road, New Canada, ME, 04743 projects strong ROI of -2.24%. Rental yield 0.54%. With 5% annual appreciation, the property builds $1,823,458 in value over five years. Equity growth combined delivers a projected five-year ROI of 0.95%, translating into $17,756 in total cumulative return on $1,864,500 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0.5% | 6.5% |
| Monthly Cash Flow | $(38,668) | $650 |
City averages based on New Canada market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,986 |
| Total Monthly Debt Service | $39,028 |
| DSCR Ratio | 0.08x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1920
1,693 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04743, Fort Kent, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,324 (100%) |
| Owner Occupied HU | 1,463 (63.0%) |
| Renter Occupied HU | 569 (24.5%) |
| Vacant Housing Units | 292 (12.6%) |
| Median Home Value | $240,116 |
| Average Home Value | $242,239 |
Housing Distribution
Address Breakdown
Residential
1,947
Single Family
1,814
Multi-Family
133
Businesses
210
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
No similar price properties found nearby.
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
Single Family
Built in 1920
1,693 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04743, Fort Kent, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,324 (100%) |
| Owner Occupied HU | 1,463 (63.0%) |
| Renter Occupied HU | 569 (24.5%) |
| Vacant Housing Units | 292 (12.6%) |
| Median Home Value | $240,116 |
| Average Home Value | $242,239 |
Housing Distribution
Address Breakdown
Residential
1,947
Single Family
1,814
Multi-Family
133
Businesses
210
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
No similar price properties found nearby.
Listed by: N/A • RE/MAX County
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1611882
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