599 Lucy Knowles RoadFarmingtonME04938
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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
Investment property for sale in Farmington at 599 Lucy Knowles Road, Farmington, ME, 04938 listed at $130,000 pairs $989/mo rent with a $636/mo payment to leave $169/mo cash flow. Total monthly income runs $989/mo, and annual cash flow reaches $2,026/yr on $43,095 cash to close. Return on cash invested measures 24.61% in year one, and rental yield registers 9.13% at a $130,000 basis. Equity gained on principal adds $839/yr, and annual property appreciation at 5% supports $35,917 by year five. Five-year ROI tracks 128.23% and total cumulative return in cash totals $55,263. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $989/mo property income relative to a $636/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2008
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04938, Farmington, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,048 (100%) |
| Owner Occupied HU | 2,727 (54.0%) |
| Renter Occupied HU | 1,439 (28.5%) |
| Vacant Housing Units | 882 (17.5%) |
| Median Home Value | $271,206 |
| Average Home Value | $352,001 |
Housing Distribution
Address Breakdown
Residential
3,976
Single Family
3,638
Multi-Family
338
Businesses
419
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Listed by: N/A • Coldwell Banker Sandy River Realty
Mls Name: Maine Listings
Mls ID: #1629442