69 Spur RoadCornishME04020
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 Cornish at 69 Spur Road, Cornish, ME, 04020 uses $53,007 cash to close to unlock $19,338/yr annual cash flow and $1,611/mo monthly cash flow. Total monthly income runs $2,621/mo, and a $783/mo payment keeps the spread at $1,611/mo. Purchase price stands at $159,900, and rental yield measures 19.67% with $2,621/mo rent. Return on cash invested shows 56.39% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 298.71% and total cumulative return in cash records $158,334. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,621/mo property income covering a $783/mo payment rather than investor’s personal income.
Manufactured
Built in 1976
2.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04020, Cornish, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 793 (100%) |
| Owner Occupied HU | 563 (71.0%) |
| Renter Occupied HU | 133 (16.8%) |
| Vacant Housing Units | 97 (12.2%) |
| Median Home Value | $441,195 |
| Average Home Value | $475,133 |
Housing Distribution
Address Breakdown
Residential
615
Single Family
574
Multi-Family
41
Businesses
98
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Listed by: N/A • Better Homes & Gardens Real Estate/The Masiello Group
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1608924
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