64 Golden Era CircleAlfredME04002
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowTight but positive: 64 Golden Era Circle, Alfred, ME, 04002 in Alfred at $189,900 earns $1,920/mo in rent and nets $47/mo after the $854/mo payment, a 12.13% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $52,466 over five years. Ziffy Mortgage underwrites this on a 2.25 DSCR without U.S. credit history. With $1,749/yr in principal paydown, total projected return reaches $78,030.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.1% | 7.2% |
| Monthly Cash Flow | $47 | $950 |
City averages based on Alfred market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,920 |
| Total Monthly Debt Service | $1,798 |
| DSCR Ratio | 1.07x |
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.
Manufactured
Built in 1997
N/A lot
$N/A/sqft
$675 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04002, Alfred, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,863 (100%) |
| Owner Occupied HU | 2,887 (74.7%) |
| Renter Occupied HU | 403 (10.4%) |
| Vacant Housing Units | 573 (14.8%) |
| Median Home Value | $461,084 |
| Average Home Value | $510,512 |
Housing Distribution
Address Breakdown
Residential
3,106
Single Family
3,091
Multi-Family
15
Businesses
145
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
Manufactured
Built in 1997
N/A lot
$N/A/sqft
$675 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04002, Alfred, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,863 (100%) |
| Owner Occupied HU | 2,887 (74.7%) |
| Renter Occupied HU | 403 (10.4%) |
| Vacant Housing Units | 573 (14.8%) |
| Median Home Value | $461,084 |
| Average Home Value | $510,512 |
Housing Distribution
Address Breakdown
Residential
3,106
Single Family
3,091
Multi-Family
15
Businesses
145
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices