68 Carding Machine RoadRichmondME04357
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThis is a cash-flow-light asset: 68 Carding Machine Road, Richmond, ME, 04357 in Richmond, $489,900, 7.77% gross yield, $81/mo net income. Consider it a market-entry position, the $3,173/mo rent covers the $2,322/mo payment with a margin, and 5%/yr appreciation is projected to add $135,350 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.37) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $182,045.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.8% | 6.5% |
| Monthly Cash Flow | $81 | $500 |
City averages based on Richmond market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,173 |
| Total Monthly Debt Service | $3,016 |
| DSCR Ratio | 1.05x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
N/A 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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
