8 Whiting AvenueWaterfordME04088
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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 Waterford at 8 Whiting Avenue, Waterford, ME, 04088 uses $129,252 cash to close to unlock $16,760/yr annual cash flow and $1,397/mo monthly cash flow. Total monthly income runs $3,857/mo, and a $1,908/mo payment keeps the spread at $1,397/mo. Purchase price stands at $389,900, and rental yield measures 11.87% with $3,857/mo rent. Return on cash invested shows 32.88% in year one, and 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 172.54% and total cumulative return in cash records $223,009. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,857/mo property income covering a $1,908/mo payment rather than investor’s personal income.
Single Family
Built in 1989
4.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04088, Waterford, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,250 (100%) |
| Owner Occupied HU | 669 (53.5%) |
| Renter Occupied HU | 107 ( 8.6%) |
| Vacant Housing Units | 474 (37.9%) |
| Median Home Value | $285,577 |
| Average Home Value | $359,462 |
Housing Distribution
Address Breakdown
Residential
656
Single Family
642
Multi-Family
14
Businesses
32
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