6013 Allagash Drive #I-3KingfieldME04947
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play6013 Allagash Drive #I-3, Kingfield, ME, 04947 in Kingfield is priced for appreciation, not yield. Rental yield 5.87%. At $689,000 with a 5.87% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $190,358 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (1.09) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $198,794.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.9% | 6.0% |
| Monthly Cash Flow | $(1,555) | $400 |
City averages based on Kingfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,372 |
| Total Monthly Debt Service | $4,074 |
| DSCR Ratio | 0.83x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2014
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04947, Kingfield, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,099 (100%) |
| Owner Occupied HU | 782 (25.2%) |
| Renter Occupied HU | 148 ( 4.8%) |
| Vacant Housing Units | 2,169 (70.0%) |
| Median Home Value | $288,258 |
| Average Home Value | $327,462 |
Housing Distribution
Address Breakdown
Residential
861
Single Family
821
Multi-Family
40
Businesses
123
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
Condo
Built in 2014
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04947, Kingfield, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,099 (100%) |
| Owner Occupied HU | 782 (25.2%) |
| Renter Occupied HU | 148 ( 4.8%) |
| Vacant Housing Units | 2,169 (70.0%) |
| Median Home Value | $288,258 |
| Average Home Value | $327,462 |
Housing Distribution
Address Breakdown
Residential
861
Single Family
821
Multi-Family
40
Businesses
123
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices