6 Jodie's WaySteep FallsME04085
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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 Steep Falls at 6 Jodie's Way, Steep Falls, ME, 04085 priced at $439,000 converts $2,951/mo rent into $180/mo cash flow after a $2,149/mo obligation. Total monthly income equals $2,951/mo, and annual cash flow totals $2,161/yr on $145,529 invested. Return on cash invested prints 21.39% in year one, and rental yield reads 8.07% against a $439,000 entry. Equity gained on principal adds $2,833/yr, while 5% annual appreciation compiles into $121,288 by year five. Five-year ROI reaches 110.99% and total cumulative return in cash sums $161,516. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,951/mo property income covering a $2,149/mo payment, not borrower’s personal income.
Single Family
Built in 2005
2.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04085, Steep Falls, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 814 (100%) |
| Owner Occupied HU | 682 (83.8%) |
| Renter Occupied HU | 75 ( 9.2%) |
| Vacant Housing Units | 57 ( 7.0%) |
| Median Home Value | $423,596 |
| Average Home Value | $437,562 |
Housing Distribution
Address Breakdown
Residential
684
Single Family
684
Multi-Family
0
Businesses
16
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Listed by: N/A • American Real Estate
Mls Name: Maine Listings
Mls ID: #1636968