694 Grant RoadCorinthME04427
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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
Investment property for sale in Corinth at 694 Grant Road, Corinth, ME, 04427 uses $61,328 cash to close to unlock $2,771/yr annual cash flow and $231/mo monthly cash flow. Total monthly income runs $1,398/mo, and a $905/mo payment keeps the spread at $231/mo. Purchase price stands at $185,000, and rental yield measures 9.07% with $1,398/mo rent. Return on cash invested shows 24.43% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 127.23% and total cumulative return in cash records $78,027. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,398/mo property income covering a $905/mo payment rather than investor’s personal income.
Manufactured
Built in 1988
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04427, Corinth, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,286 (100%) |
| Owner Occupied HU | 978 (76.0%) |
| Renter Occupied HU | 192 (14.9%) |
| Vacant Housing Units | 116 ( 9.0%) |
| Median Home Value | $205,952 |
| Average Home Value | $243,441 |
Housing Distribution
Address Breakdown
Residential
1,127
Single Family
1,103
Multi-Family
24
Businesses
54
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