641 S Arm RoadAndoverME04216
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
Investment Highlights
Investment property for sale in Andover at 641 S Arm Road, Andover, ME, 04216 listed at $284,900 pairs $1,170/mo rent with a $1,394/mo payment. Total monthly income runs $1,170/mo. Return on cash invested measures 11.93% in year one, and rental yield registers 4.93% at a $284,900 basis. Equity gained on principal adds $1,838/yr, and annual property appreciation at 5% supports $78,713 by year five. Five-year ROI tracks 60.26% and total cumulative return in cash totals $56,915. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,170/mo property income relative to a $1,394/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1996
1.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04216, Andover, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 940 (100%) |
| Owner Occupied HU | 319 (33.9%) |
| Renter Occupied HU | 36 ( 3.8%) |
| Vacant Housing Units | 585 (62.2%) |
| Median Home Value | $231,875 |
| Average Home Value | $241,011 |
Housing Distribution
Address Breakdown
Residential
167
Single Family
167
Multi-Family
0
Businesses
23
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Nearby investment properties with comparable prices
Listed by: N/A • Amnet Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1605279
Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782