8 Wesleyan StreetFort 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 8 Wesleyan Street, Fort Fairfield, ME, 04742 offers $1,960/mo rent that, after a $1,953/mo payment. Total monthly income is $1,960/mo. Return on cash invested measures 14.84% in year one, and rental yield stands at 5.89% at a $399,000 entry. Equity gained on principal adds $2,575/yr while 5% annual appreciation compounds into $110,236 by year five. Five-year ROI records 75.85% and total cumulative return in cash reaches $100,322. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,960/mo property income versus a $1,953/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
1.42 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 • RE/MAX County
Mls Name: Maine Listings
Mls ID: #1642194