899 Golden Ridge RoadShermanME04776
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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 Sherman at 899 Golden Ridge Road, Sherman, ME, 04776 uses $66,267 cash to close to unlock $4,894/yr annual cash flow and $408/mo monthly cash flow. Total monthly income runs $1,669/mo, and a $978/mo payment keeps the spread at $408/mo. Purchase price stands at $199,900, and rental yield measures 10.02% with $1,669/mo rent. Return on cash invested shows 27.29% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 142.59% and total cumulative return in cash records $94,489. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,669/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 2017
2.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04776, Sherman Mills, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 488 (100%) |
| Owner Occupied HU | 345 (70.7%) |
| Renter Occupied HU | 33 ( 6.8%) |
| Vacant Housing Units | 110 (22.5%) |
| Median Home Value | $166,250 |
| Average Home Value | $210,486 |
Housing Distribution
Address Breakdown
Residential
273
Single Family
261
Multi-Family
12
Businesses
19
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