97 Prairie 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
Rental property for sale in Sherman at 97 Prairie Road, Sherman, ME, 04776 priced at $315,000 converts $1,994/mo rent into $6/mo cash flow after a $1,542/mo obligation. Total monthly income equals $1,994/mo, and annual cash flow totals $69/yr on $104,423 invested. Return on cash invested prints 19.98% in year one, and rental yield reads 7.6% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 103.36% and total cumulative return in cash sums $107,933. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,994/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Single Family
Built in 2022
11.20 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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