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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% |
Investment property for sale in Biddeford at 6 Lafayette Street #2, Biddeford, ME, 04005 uses $128,954 cash to close to unlock $2,327/yr annual cash flow and $194/mo monthly cash flow. Total monthly income runs $2,994/mo, and a $1,904/mo payment keeps the spread at $194/mo. Purchase price stands at $389,000, and rental yield measures 9.24% with $2,994/mo rent. Return on cash invested shows 21.71% in year one, and 5% annual appreciation builds toward $107,474 over five years. Five-year ROI reaches 113.84% and total cumulative return in cash records $146,802. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,994/mo property income covering a $1,904/mo payment rather than investor’s personal income.
Condo
Built in 1920
8,712 sqft lot
$N/A/sqft
$345 monthly 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 | Price change | $389,000 |
| 2025-08-30 | Listed for sale | $399,000 |
| 2023-09-27 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: N/A • Kre Brokerage Group
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1635564
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
