98 White Schoolhouse RoadCorinthME04427
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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 Corinth at 98 White Schoolhouse Road, Corinth, ME, 04427 priced at $210,000 converts $1,477/mo rent into $152/mo cash flow after a $1,028/mo obligation. Total monthly income equals $1,477/mo, and annual cash flow totals $1,818/yr on $69,615 invested. Return on cash invested prints 22.52% in year one, and rental yield reads 8.44% against a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation compiles into $58,019 by year five. Five-year ROI reaches 117.05% and total cumulative return in cash sums $81,484. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,477/mo property income covering a $1,028/mo payment, not borrower’s personal income.
Single Family
Built in 1995
10.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04427, Corinth, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,286 (100%) |
| Owner Occupied HU | 978 (76.0%) |
| Renter Occupied HU | 192 (14.9%) |
| Vacant Housing Units | 116 ( 9.0%) |
| Median Home Value | $205,952 |
| Average Home Value | $243,441 |
Housing Distribution
Address Breakdown
Residential
1,127
Single Family
1,103
Multi-Family
24
Businesses
54
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