64 Main StreetRichmondME04357
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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
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
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 |
Housing Distribution
Address Breakdown
Residential
1,610
Single Family
1,556
Multi-Family
54
Businesses
115
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