823 Grindstone RdMedwayME04460
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 823 Grindstone Rd, Medway, ME, 04460 in Medway hard to pass up. The 12.89% gross yield on a $283,700 purchase results in $3,047/mo in rent and $1,256/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.39). Annual cash flow of $15,076, five-year appreciation of $78,381, and $2,613/yr in equity build-up combine for a projected total cumulative return of $188,620.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.9% | 5.2% |
| Monthly Cash Flow | $1,256 | $300 |
City averages based on Medway market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,047 |
| Total Monthly Debt Service | $1,678 |
| DSCR Ratio | 1.82x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1978
2.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04460, Medway, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 693 (100%) |
| Owner Occupied HU | 506 (73.0%) |
| Renter Occupied HU | 69 ( 10.0%) |
| Vacant Housing Units | 118 (17.0%) |
| Median Home Value | $77,857 |
| Average Home Value | $108,923 |
Housing Distribution
Address Breakdown
Residential
402
Single Family
402
Multi-Family
0
Businesses
34
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1978
2.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04460, Medway, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 693 (100%) |
| Owner Occupied HU | 506 (73.0%) |
| Renter Occupied HU | 69 ( 10.0%) |
| Vacant Housing Units | 118 (17.0%) |
| Median Home Value | $77,857 |
| Average Home Value | $108,923 |
Housing Distribution
Address Breakdown
Residential
402
Single Family
402
Multi-Family
0
Businesses
34
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices