87 Targett RoadNew GloucesterME04260
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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 New Gloucester at 87 Targett Road, New Gloucester, ME, 04260 with 5% annual appreciation on a $799,000 basis while $3,964/mo rent supports operations. 14% in year one. Equity gained on principal adds $5,156/yr, and five-year appreciation sums $220,749 alongside rental yield of 5.95%. Five-year ROI measures 77.38% and total cumulative return in cash totals $203,418. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,964/mo property income versus a $3,911/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2002
2.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04260, New Gloucester, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,482 (100%) |
| Owner Occupied HU | 2,010 (81.0%) |
| Renter Occupied HU | 292 (11.8%) |
| Vacant Housing Units | 180 ( 7.3%) |
| Median Home Value | $398,868 |
| Average Home Value | $412,267 |
Housing Distribution
Address Breakdown
Residential
2,264
Single Family
2,264
Multi-Family
0
Businesses
155
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Listed by: N/A • Maine Real Estate Co
Mls Name: Maine Listings
Mls ID: #1633819