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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Alfred at 79 Colin's Meadow Lane, Alfred, ME, 04002 generates $2,520/mo in rent, after a $2,374/mo payment. Total monthly income is $2,520/mo. Return on cash invested sits at 15.68% in year one, and rental yield is 6.24% on a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 80.4% and total cumulative return in cash sums $129,266. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,520/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
0.83 Acres lot
$N/A/sqft
$300 annually HOA
Neighborhood data shown for ZIP Code: 04002, Alfred, ME area.
| 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 |
Residential
3,106
Single Family
3,091
Multi-Family
15
Businesses
145
Date | Event | Price |
|---|---|---|
| 2025-05-22 | Listed for sale | $485,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: N/A • Signature Homes Real Estate Group
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1623596
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. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
