6 The Pines DriveNew PortlandME04961
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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 New Portland at 6 The Pines Drive, New Portland, ME, 04961 uses $99,119 cash to close to unlock $2,705/yr annual cash flow and $225/mo monthly cash flow. Total monthly income runs $2,112/mo, and a $1,463/mo payment keeps the spread at $225/mo. Purchase price stands at $299,000, and rental yield measures 8.48% with $2,112/mo rent. Return on cash invested shows 22.64% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 117.66% and total cumulative return in cash records $116,626. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,112/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 2018
2.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04961, North New Portland, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 815 (100%) |
| Owner Occupied HU | 430 (52.8%) |
| Renter Occupied HU | 40 ( 4.9%) |
| Vacant Housing Units | 345 (42.3%) |
| Median Home Value | $167,672 |
| Average Home Value | $197,767 |
Housing Distribution
Address Breakdown
Residential
399
Single Family
399
Multi-Family
0
Businesses
11
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Listed by: N/A • Keller Williams Realty
Mls Name: Maine Listings
Mls ID: #1630771