975 Tar Ridge RoadSpringfieldME04487
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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 Springfield at 975 Tar Ridge Road, Springfield, ME, 04487 generates $899/mo in rent and, after a $582/mo payment, leaves $148/mo in cash flow. Total monthly income is $899/mo, and annual cash flow is $1,781/yr on $39,449 invested. Return on cash invested sits at 24.42% in year one, and rental yield is 9.07% on a $119,000 entry. Equity gained on principal adds $768/yr, while 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 127.29% and total cumulative return in cash sums $50,213. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $899/mo property income rather than buyer’s personal income.
Single Family
Built in 2016
25.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04487, Springfield, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 991 (100%) |
| Owner Occupied HU | 352 (35.5%) |
| Renter Occupied HU | 34 ( 3.4%) |
| Vacant Housing Units | 605 (61.0%) |
| Median Home Value | $158,929 |
| Average Home Value | $201,996 |
Housing Distribution
Address Breakdown
Residential
324
Single Family
324
Multi-Family
0
Businesses
19
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Listed by: N/A • Acres Away, Inc.
Mls Name: Maine Listings
Mls ID: #1631349