93 Summer StreetBiddefordME04005
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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 Biddeford at 93 Summer Street, Biddeford, ME, 04005 earns from $2,818/mo rent with a $3,965/mo payment. Total monthly income totals $2,818/mo. ROI tracks 9.73% on current figures, and rental yield reads 4.17% at a $810,000 purchase. Equity gained on principal adds $5,227/yr, and 5% annual appreciation supports $223,788 over five years. Five-year ROI reaches 48.38% and total cumulative return in cash sums $128,931. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,818/mo property income instead of your personal income.
Multi Family
Built in 1900
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04005, Biddeford, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,793 (100%) |
| Owner Occupied HU | 5,606 (47.5%) |
| Renter Occupied HU | 5,202 (44.1%) |
| Vacant Housing Units | 985 ( 8.4%) |
| Median Home Value | $455,712 |
| Average Home Value | $523,001 |
Housing Distribution
Address Breakdown
Residential
11,059
Single Family
10,077
Multi-Family
982
Businesses
987
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