692 Mercer RoadNorridgewockME04957
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 Norridgewock at 692 Mercer Road, Norridgewock, ME, 04957 at $175,000 posts ROI 25.14% with $253/mo cash flow from $1,358/mo rent. Total monthly income equals $1,358/mo, and annual cash flow records $3,037/yr on $58,013 to close. Return on cash invested measures 25.14% and rental yield reads 9.31% at the current $175,000. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 by year five. Five-year ROI prints 131.18% and total cumulative return in cash totals $76,099.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,358/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
9.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04957, Norridgewock, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,124 (100%) |
| Owner Occupied HU | 1,548 (72.9%) |
| Renter Occupied HU | 310 (14.6%) |
| Vacant Housing Units | 266 (12.5%) |
| Median Home Value | $216,588 |
| Average Home Value | $241,660 |
Housing Distribution
Address Breakdown
Residential
1,495
Single Family
1,461
Multi-Family
34
Businesses
57
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Listed by: N/A • Keller Williams Realty
Mls Name: Maine Listings
Mls ID: #1650114