60 W Cider Mill LaneSwanvilleME04915
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Swanville at 60 W Cider Mill Lane, Swanville, ME, 04915 priced at $459,000 converts $2,040/mo rent into after a $2,247/mo obligation. Total monthly income equals $2,040/mo. Return on cash invested prints 13.15% in year one, and rental yield reads 5.33% against a $459,000 entry. Equity gained on principal adds $2,962/yr, while 5% annual appreciation compiles into $126,813 by year five. Five-year ROI reaches 66.74% and total cumulative return in cash sums $101,555. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,040/mo property income covering a $2,247/mo payment, not borrower’s personal income.
Single Family
Built in 2020
5.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04915, Belfast, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,083 (100%) |
| Owner Occupied HU | 2,979 (58.6%) |
| Renter Occupied HU | 1,313 (25.8%) |
| Vacant Housing Units | 791 (15.6%) |
| Median Home Value | $320,681 |
| Average Home Value | $355,074 |
Housing Distribution
Address Breakdown
Residential
4,627
Single Family
4,360
Multi-Family
267
Businesses
614
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices