8 Hicks Pond RoadPalmyraME04965
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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
Total monthly income runs $1,500/mo, and a $1,292/mo payment. Purchase price stands at $264,000, and rental yield measures 6.82% with $1,500/mo rent. Return on cash invested shows 17.63% in year one, and 5% annual appreciation builds toward $72,938 over five years. Five-year ROI reaches 90.77% and total cumulative return in cash records $79,441. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,500/mo property income covering a $1,292/mo payment rather than investor’s personal income.
Single Family
Built in 1987
3.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04965, Palmyra, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 983 (100%) |
| Owner Occupied HU | 727 (74.0%) |
| Renter Occupied HU | 133 (13.5%) |
| Vacant Housing Units | 123 (12.5%) |
| Median Home Value | $171,013 |
| Average Home Value | $211,881 |
Housing Distribution
Address Breakdown
Residential
833
Single Family
833
Multi-Family
0
Businesses
38
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