P/O Lot 7 Old School House RoadNorridgewockME04957
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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 Norridgewock at P/O Lot 7 Old School House Road, Norridgewock, ME, 04957 offers $912/mo rent that, after a $582/mo payment, leaves $161/mo cash flow. Total monthly income is $912/mo, and annual cash flow is $1,937/yr on $39,449 cash. Return on cash invested measures 24.82% in year one, and rental yield stands at 9.2% at a $119,000 entry. Equity gained on principal adds $768/yr while 5% annual appreciation compounds into $32,878 by year five. Five-year ROI records 129.42% and total cumulative return in cash reaches $51,053. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $912/mo property income versus a $582/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2017
33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04957, Norridgewock, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,124 (100%) |
| Owner Occupied HU | 1,548 (72.9%) |
| Renter Occupied HU | 310 (14.6%) |
| Vacant Housing Units | 266 (12.5%) |
| Median Home Value | $216,588 |
| Average Home Value | $241,660 |
Housing Distribution
Address Breakdown
Residential
1,495
Single Family
1,461
Multi-Family
34
Businesses
57
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Listed by: N/A • Better Homes & Gardens Real Estate/The Masiello Group
Mls Name: Maine Listings
Mls ID: #1641110