61 Howe RoadWadeME04786
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 61 Howe Road, Wade, ME, 04786 in Wade. At $165,000 it earns $1,265/mo in rent and distributes $224/mo to the owner after the $742/mo payment, a consistent 9.2% yield. DSCR 1.70 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $45,586 in value; $1,520/yr in principal paydown compounds ownership stake. Total projected return: $77,090.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 5.5% |
| Monthly Cash Flow | $224 | $650 |
City averages based on Wade market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,265 |
| Total Monthly Debt Service | $976 |
| DSCR Ratio | 1.30x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Single Family
Built in 1985
2.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04786, Washburn, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 870 (100%) |
| Owner Occupied HU | 593 (68.2%) |
| Renter Occupied HU | 159 (18.3%) |
| Vacant Housing Units | 118 (13.6%) |
| Median Home Value | $138,125 |
| Average Home Value | $216,442 |
Housing Distribution
Address Breakdown
Residential
557
Single Family
509
Multi-Family
48
Businesses
36
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
Single Family
Built in 1985
2.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04786, Washburn, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 870 (100%) |
| Owner Occupied HU | 593 (68.2%) |
| Renter Occupied HU | 159 (18.3%) |
| Vacant Housing Units | 118 (13.6%) |
| Median Home Value | $138,125 |
| Average Home Value | $216,442 |
Housing Distribution
Address Breakdown
Residential
557
Single Family
509
Multi-Family
48
Businesses
36
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices