85 Canaan RoadHampdenME04444
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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 Hampden at 85 Canaan Road, Hampden, ME, 04444 offers $1,708/mo rent that, after a $1,248/mo payment, leaves $99/mo cash flow. Total monthly income is $1,708/mo, and annual cash flow is $1,185/yr on $84,533 cash. Return on cash invested measures 21.31% in year one, and rental yield stands at 8.04% at a $255,000 entry. Equity gained on principal adds $1,645/yr while 5% annual appreciation compounds into $70,452 by year five. Five-year ROI records 110.54% and total cumulative return in cash reaches $93,440. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,708/mo property income versus a $1,248/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
4.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04444, Hampden, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,267 (100%) |
| Owner Occupied HU | 3,328 (78.0%) |
| Renter Occupied HU | 721 (16.9%) |
| Vacant Housing Units | 218 ( 5.1%) |
| Median Home Value | $367,032 |
| Average Home Value | $397,760 |
Housing Distribution
Address Breakdown
Residential
3,960
Single Family
3,910
Multi-Family
50
Businesses
240
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