60 River Village Drive #60MilfordME04461
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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 Milford at 60 River Village Drive #60, Milford, ME, 04461 offers a 10.95% rental yield on a $245,000 purchase with $2,236/mo rent. Total monthly income registers $2,236/mo, and a $1,199/mo payment leaves $460/mo available for distribution. Annual cash flow reaches $5,519/yr on $81,218 to close, and return on cash invested stands at 26.7% in year one. Equity gained on principal adds $1,581/yr while 5% annual appreciation supports $67,689 over five years. Portfolio math shows five-year ROI at 140.66% and total cumulative return in cash at $114,240. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,236/mo property income against a $1,199/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2022
11.79 Acres lot
$N/A/sqft
$230 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04461, Milford, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,322 (100%) |
| Owner Occupied HU | 954 (72.2%) |
| Renter Occupied HU | 270 (20.4%) |
| Vacant Housing Units | 98 ( 7.4%) |
| Median Home Value | $216,000 |
| Average Home Value | $209,746 |
Housing Distribution
Address Breakdown
Residential
943
Single Family
943
Multi-Family
0
Businesses
25
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Listed by: N/A • Realty of Maine
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1644526
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. 2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782