740 Limestone RoadFort FairfieldME04742
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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 Fort Fairfield at 740 Limestone Road, Fort Fairfield, ME, 04742 priced at $179,900 converts $2,093/mo rent into $957/mo cash flow after a $881/mo obligation. Total monthly income equals $2,093/mo, and annual cash flow totals $11,486/yr on $59,637 invested. Return on cash invested prints 39.17% in year one, and rental yield reads 13.96% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 206.36% and total cumulative return in cash sums $123,069. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,093/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1975
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04742, Fort Fairfield, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,725 (100%) |
| Owner Occupied HU | 1,098 (63.7%) |
| Renter Occupied HU | 424 (24.6%) |
| Vacant Housing Units | 203 (11.8%) |
| Median Home Value | $174,677 |
| Average Home Value | $260,945 |
Housing Distribution
Address Breakdown
Residential
1,420
Single Family
1,287
Multi-Family
133
Businesses
83
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Listed by: N/A • Progressive Realty
Mls Name: Maine Listings
Mls ID: #1632856