9 Tracy Cove CircleOaklandME04963
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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 Oakland at 9 Tracy Cove Circle, Oakland, ME, 04963 offers a 4.82% rental yield on a $597,500 purchase with $2,400/mo rent. 69% in year one. Equity gained on principal adds $3,856/yr while 5% annual appreciation supports $165,078 over five years. Portfolio math shows five-year ROI at 58.92% and total cumulative return in cash at $115,831. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,400/mo property income against a $2,924/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
1.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04963, Oakland, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,355 (100%) |
| Owner Occupied HU | 2,644 (60.7%) |
| Renter Occupied HU | 649 (14.9%) |
| Vacant Housing Units | 1,062 (24.4%) |
| Median Home Value | $277,160 |
| Average Home Value | $311,606 |
Housing Distribution
Address Breakdown
Residential
3,343
Single Family
3,292
Multi-Family
51
Businesses
208
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