64 Main Street, Richmond, ME, 04357 | 2.88% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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64 Main Street, Richmond, ME, 04357 | 2.88% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Richmond at 64 Main Street, Richmond, ME, 04357 priced at $625,000 converts $1,500/mo rent into after a $3,059/mo obligation. Total monthly income equals $1,500/mo. Return on cash invested prints 5.8% in year one, and rental yield reads 2.88% against a $625,000 entry. Equity gained on principal adds $4,033/yr, while 5% annual appreciation compiles into $172,676 by year five. Five-year ROI reaches 27.28% and total cumulative return in cash sums $56,101. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,500/mo property income covering a $3,059/mo payment, not borrower’s personal income.

Multi Family

Built in 1900

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

Two rental apartments , one completely renovated , both in well cared for condition and one well established bar / restaurant on Main Street Richmond are available for your investment. Showings can be obtained with advance notice to not bother patrons or tenants. Owner is able to work with new owner to insure a smooth transition is completed.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04357, Richmond, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,641 (100%)
Owner Occupied HU	1,121 (68.3%)
Renter Occupied HU	353 (21.5%)
Vacant Housing Units	167 (10.2%)
Median Home Value	$254,228
Average Home Value	$307,295