691 Gore Road, Alfred, ME, 04002 | $658/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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691 Gore Road, Alfred, ME, 04002 | $658/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Alfred at 691 Gore Road, Alfred, ME, 04002 earns $658/mo cash flow from $2,520/mo rent with a $1,444/mo payment. Total monthly income totals $2,520/mo, and annual cash flow totals $7,897/yr on $97,793 capital. ROI tracks 27.98% on current figures, and rental yield reads 10.25% at a $295,000 purchase. Equity gained on principal adds $1,904/yr, and 5% annual appreciation supports $81,503 over five years. Five-year ROI reaches 146.34% and total cumulative return in cash sums $143,114. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,520/mo property income instead of your personal income.

Single Family

Built in 1984

4.55 Acres lot

$N/A/sqft

No HOA

More details about the property

Opportunity awaits in desirable Alfred location! Set on a private 4.55-acre lot, this 3-bedroom, 2-bath home offers the perfect opportunity for investors or handy buyers looking to add their finishing touches. Inside you'll find a spacious layout with a large living room, kitchen, and dining area. Enjoy the convenience of a two-bay garage plus a shed for additional storage. A small pond in the front yard adds to the property's charm and peaceful setting. Renovations have already been started giving you a head start to finish and make it your own. With plenty of privacy and room to grow, this property is full of potential. Property is being sold as-is. Deadline of Wednesday, October 29th at 8:00am with a 24 hour response time.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04002, Alfred, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,863 (100%)
Owner Occupied HU	2,887 (74.7%)
Renter Occupied HU	403 (10.4%)
Vacant Housing Units	573 (14.8%)
Median Home Value	$461,084
Average Home Value	$510,512