60 South Bay RoadBridgtonME04009
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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 Bridgton at 60 South Bay Road, Bridgton, ME, 04009 generates $3,661/mo in rent, after a $3,177/mo payment. Total monthly income is $3,661/mo. Return on cash invested sits at 17.61% in year one, and rental yield is 6.77% on a $649,000 entry. Equity gained on principal adds $4,188/yr, while 5% annual appreciation builds toward $179,307 over five years. Five-year ROI reaches 90.66% and total cumulative return in cash sums $193,584. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,661/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04009, Bridgton, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,507 (100%) |
| Owner Occupied HU | 2,009 (44.6%) |
| Renter Occupied HU | 560 (12.4%) |
| Vacant Housing Units | 1,938 (43.0%) |
| Median Home Value | $365,534 |
| Average Home Value | $433,464 |
Housing Distribution
Address Breakdown
Residential
2,923
Single Family
2,811
Multi-Family
112
Businesses
321
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