61 Pirate LaneFairfieldME04937
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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 Fairfield at 61 Pirate Lane, Fairfield, ME, 04937 uses $99,417 cash to close to unlock $6,578/yr annual cash flow and $548/mo monthly cash flow. Total monthly income runs $2,441/mo, and a $1,468/mo payment keeps the spread at $548/mo. Purchase price stands at $299,900, and rental yield measures 9.77% with $2,441/mo rent. Return on cash invested shows 26.53% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 138.51% and total cumulative return in cash records $137,704. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,441/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1985
2.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04937, Fairfield, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,005 (100%) |
| Owner Occupied HU | 2,098 (69.8%) |
| Renter Occupied HU | 709 (23.6%) |
| Vacant Housing Units | 198 ( 6.6%) |
| Median Home Value | $187,090 |
| Average Home Value | $211,345 |
Housing Distribution
Address Breakdown
Residential
2,776
Single Family
2,717
Multi-Family
59
Businesses
175
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