92 Spaulding Lake RoadOakfieldME04763
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Oakfield at 92 Spaulding Lake Road, Oakfield, ME, 04763 priced at $274,500 pairs $1,844/mo rent with $111/mo cash flow after a $1,344/mo payment. Total monthly income equals $1,844/mo, and annual cash flow comes to $1,333/yr on $90,997 invested. Return on cash invested is 21.37% in year one, and rental yield stands at 8.06% on a $274,500 basis. Equity gained on principal adds $1,771/yr, and 5% annual appreciation accumulates to $75,839 by year five. Five-year ROI measures 110.9% and total cumulative return in cash reaches $100,918. For financing, Ziffy Mortgage’s DSCR program evaluates $1,844/mo property income against a $1,344/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1958
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04763, Oakfield, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 486 (100%) |
| Owner Occupied HU | 256 (52.7%) |
| Renter Occupied HU | 41 ( 8.4%) |
| Vacant Housing Units | 189 (38.9%) |
| Median Home Value | $191,346 |
| Average Home Value | $370,908 |
Housing Distribution
Address Breakdown
Residential
197
Single Family
167
Multi-Family
30
Businesses
22
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