840 N Chester RdChesterME04457
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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 Chester at 840 N Chester Rd, Chester, ME, 04457 priced at $490,000 converts $3,110/mo rent into $18/mo cash flow after a $2,398/mo obligation. Total monthly income equals $3,110/mo, and annual cash flow totals $214/yr on $162,435 invested. Return on cash invested prints 20.04% in year one, and rental yield reads 7.62% against a $490,000 entry. Equity gained on principal adds $3,162/yr, while 5% annual appreciation compiles into $135,378 by year five. Five-year ROI reaches 103.71% and total cumulative return in cash sums $168,456. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,110/mo property income covering a $2,398/mo payment, not borrower’s personal income.
Single Family
Built in 1886
40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04457, Lincoln, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,318 (100%) |
| Owner Occupied HU | 2,100 (63.3%) |
| Renter Occupied HU | 564 (17.0%) |
| Vacant Housing Units | 654 (19.7%) |
| Median Home Value | $208,458 |
| Average Home Value | $241,743 |
Housing Distribution
Address Breakdown
Residential
2,586
Single Family
2,515
Multi-Family
71
Businesses
225
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