Off Osgood 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 Off Osgood Road, Springfield, ME, 04487 priced at $224,400 converts $1,889/mo rent into $473/mo cash flow after a $1,098/mo obligation. Total monthly income equals $1,889/mo, and annual cash flow totals $5,677/yr on $74,389 invested. Return on cash invested prints 27.54% in year one, and rental yield reads 10.1% against a $224,400 entry. Equity gained on principal adds $1,448/yr, while 5% annual appreciation compiles into $61,998 by year five. Five-year ROI reaches 143.99% and total cumulative return in cash sums $107,113. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,889/mo property income covering a $1,098/mo payment, not borrower’s personal income.
Single Family
Built in 1998
17.10 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 • First Choice Real Estate
Mls Name: Maine Listings
Mls ID: #1634418