6 Proctor Road #A, Biddeford, ME, 04005 | 1.38% Rental Yield

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6 Proctor Road #A, Biddeford, ME, 04005 | 1.38% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Biddeford at 6 Proctor Road #A, Biddeford, ME, 04005 listed at $1,200,000 pairs $1,380/mo rent with a $5,873/mo payment. Total monthly income runs $1,380/mo. Return on cash invested measures 1.26% in year one, and rental yield registers 1.38% at a $1,200,000 basis. Equity gained on principal adds $7,743/yr, and annual property appreciation at 5% supports $331,538 by year five. Five-year ROI tracks 2.87% and total cumulative return in cash totals $11,171. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,380/mo property income relative to a $5,873/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Multi Family

Built in 1941

1.10 Acres lot

$N/A/sqft

No HOA

More details about the property

Unique income-producing property with three separate buildings on over an acre, offering flexibility for living, rental, and business. The main house includes 3 bedrooms, an in-law suite with its own kitchen, radiant floor heat in key areas, two laundry rooms, custom tiled baths, a Viessmann heating system, newer metal roof, and a 20KW whole-house generator. TVs throughout are included. The office/warehouse building features a full bath, two ductless mini-splits, a 10KW generator, and is fully networked. It's ready for business use and has structural capacity for a second floor. The turn-key rental cottage offers an open floor plan, washer/dryer, Bose surround sound, mounted TV, and its own 10KW generator. Would make a fabulous Short Term Rental! All three buildings are smart homes with app-based controls for locks, lights, thermostats, cameras, and alarms. Separate electric meters, In ground 500-gallon propane tanks with remote monitoring, and a new leach field (2021) support efficient operation. Appliances convey. Plenty of paved parking and space on the lot for an additional building if desired. Close to downtown Biddeford, UNE, beaches, restaurants, and I-95. Tenants in place want to stay. Strong rental and business income potential. SELLER IS OPEN TO OWNER FINANCING OPPORTUNITIES.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04005, Biddeford, ME area.

Housing Distribution

Housing Statistics

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