645 Reeds Mill RoadMadrid TwpME04966
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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 Madrid Twp at 645 Reeds Mill Road, Madrid Twp, ME, 04966 at $450,000 posts ROI 17.25% with from $2,510/mo rent. Total monthly income equals $2,510/mo. Return on cash invested measures 17.25% and rental yield reads 6.69% at the current $450,000. Equity gained on principal adds $2,904/yr, and 5% annual appreciation supports $124,327 by year five. Five-year ROI prints 88.76% and total cumulative return in cash totals $132,402. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,510/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1997
21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04966, Phillips, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,304 (100%) |
| Owner Occupied HU | 641 (49.2%) |
| Renter Occupied HU | 119 ( 9.1%) |
| Vacant Housing Units | 544 (41.7%) |
| Median Home Value | $217,628 |
| Average Home Value | $257,383 |
Housing Distribution
Address Breakdown
Residential
667
Single Family
647
Multi-Family
20
Businesses
36
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Listed by: N/A • Maine Street Realty, Inc.
Mls Name: Maine Listings
Mls ID: #1643570