63 Chick RoadParsonsfieldME04047
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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 Parsonsfield at 63 Chick Road, Parsonsfield, ME, 04047 uses $127,628 cash to close to unlock $1,039/yr annual cash flow and $87/mo monthly cash flow. Total monthly income runs $2,516/mo, and a $1,884/mo payment keeps the spread at $87/mo. Purchase price stands at $385,000, and rental yield measures 7.84% with $2,516/mo rent. Return on cash invested shows 20.72% in year one, and 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 107.37% and total cumulative return in cash records $137,038. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,516/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Single Family
Built in 1974
3.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04047, Parsonsfield, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,214 (100%) |
| Owner Occupied HU | 691 (56.9%) |
| Renter Occupied HU | 148 (12.2%) |
| Vacant Housing Units | 375 (30.9%) |
| Median Home Value | $375,000 |
| Average Home Value | $421,679 |
Housing Distribution
Address Breakdown
Residential
817
Single Family
817
Multi-Family
0
Businesses
46
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Listed by: N/A • Real Estate 2000 ME/NH
Mls Name: Maine Listings
Mls ID: #1628720