69 N Horse Back RoadBurnhamME04922
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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 Burnham at 69 N Horse Back Road, Burnham, ME, 04922 priced at $269,000 converts $0/mo rent into after a $1,317/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -2.94% in year one, and rental yield reads 0% against a $269,000 entry. Equity gained on principal adds $1,736/yr, while 5% annual appreciation compiles into $74,320 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $1,317/mo payment, not borrower’s personal income.
Single Family
Built in 1978
8 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04922, Burnham, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 694 (100%) |
| Owner Occupied HU | 421 (60.7%) |
| Renter Occupied HU | 68 ( 9.8%) |
| Vacant Housing Units | 205 (29.5%) |
| Median Home Value | $224,583 |
| Average Home Value | $278,420 |
Housing Distribution
Address Breakdown
Residential
562
Single Family
562
Multi-Family
0
Businesses
10
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices