62 Pine Valley DriveCanaanME04924
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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 Canaan at 62 Pine Valley Drive, Canaan, ME, 04924 offers a 3.89% rental yield on a $975,000 purchase with $3,162/mo rent. 87% in year one. Equity gained on principal adds $6,292/yr while 5% annual appreciation supports $269,375 over five years. Portfolio math shows five-year ROI at 43.77% and total cumulative return in cash at $140,403. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,162/mo property income against a $4,772/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
21.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04924, Canaan, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,222 (100%) |
| Owner Occupied HU | 844 (69.1%) |
| Renter Occupied HU | 192 (15.7%) |
| Vacant Housing Units | 186 (15.2%) |
| Median Home Value | $171,034 |
| Average Home Value | $220,382 |
Housing Distribution
Address Breakdown
Residential
839
Single Family
839
Multi-Family
0
Businesses
42
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