271 Old Alfred Rd #271 · Biddeford, ME 04046

$315,000

3 bd · 2.0 ba · 1,080 sqft · Manufactured · 17 Days on market

Built 2007 Good condition 0.58 ac lot

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +27.0/30.0
• DSCR +9.4/10.0
• Schools +8.0/10.0
• ARV discount +7.5/15.0
• 1% rule +7.3/10.0
• Livability +3.9/5.0
• Condition / age +3.8/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome home! This turnkey, ranch-style home offers the perfect blend of affordability, comfort, and country charm. Built in 2007, the property features a highly functional, single-story floor plan with 3 comfortable bedrooms and 2 full bathrooms, new heat pumps in the living room and master bedroom. Situated on a generous 0.58-acre lot, you'll enjoy a lovely, open yard perfect for gardening, pets, or outdoor entertaining. The property also features a heated barn, offering highly versatile space for a workshop, equipment storage, or a dedicated hobby area. Tucked away in a peaceful rural setting, this home provides a serene escape while keeping you just minutes away from the amenities of Bi

Key facts

• Barn
• Ranch-style
• Open yard

Tags

• TURNKEY
• RANCH-STYLE
• SINGLE-STORY FLOOR PLAN
• OPEN YARD
• BARN
• PEACEFUL RURAL SETTING

Property features AI

Exterior

• Parking: Paved parking with 5–10 spaces
• Utilities: Well water
• Home design: Mobile home (double wide); Modular structure; Built in 2007
• Construction: Vinyl siding; Shingle composition pitched roof; Slab foundation
• Exterior features: Porch; Barn(s); Near turnpike/interstate; Near town; Level lot; Wooded

Interior

• Kitchen: Gas range; Microwave; Dishwasher; Refrigerator
• Bedrooms: Bedroom 1 (First floor); Bedroom 2 (First floor); Bedroom 3 (Basement)
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating; Circuit breaker electrical service
• Interior features: One-floor living; 1st floor bedroom and primary bedroom with bath; Shower; Storage
• Laundry & utility: Washer and dryer included; Laundry on main level; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $315k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $886 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $315k).
• Recommended offer: $310k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 77/100 on livability (#29 in ME, #2,925 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, health & safety A+, housing A; Watch: crime C-, schools D-, amenities D-.
• RSU 21 (rural): math 91% / reading 94% proficiency, ranked #13 of 112 in ME (top 12%) — strong family-tenant draw, lease renewals of 3-5y typical; only 16% free/reduced lunch — higher-income household profile.
• Market conditions: 104 active listings in the ZIP; 1,386 units permitted in York County in 2024 (338 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $88k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($310k) is reasonable based on typical stale-listing flexibility.

Recommended offer $310,275 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
3. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
4. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
5. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.23% ✓
• Cap rate: 9.67%
• Cash-on-cash: 12.05%
• DSCR: 1.54
• GRM: 6.8

CMA / ARV

• ARV (on-the-fly): $136,080
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5 Linda Ave	0.26mi	3/2.5	1,064 (-2%)	13mo	$19,900	$19	73
714 Alfred Rd #41	0.35mi	3/2.0	1,120 (+4%)	22mo	$140,939	$126	59

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 1.6%
• Equity multiple: 1.06×
• Total profit: $5,441
• Equity at exit: $46,968

10-year hold

• IRR: 11.2%
• Equity multiple: 1.88×
• Total profit: $77,634
• Equity at exit: $27,235

Cash invested: $88,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 41 Moderately Tenant-Leaning
• State Maine: 41 Moderately Tenant-Leaning · D+2
• County: — inherits STATE
• City: — inherits STATE

Portland has rent control referendum (2020); strong habitability; security deposit caps.

Methodology + full state rankings →

ZIP-level market 04046

• Home prices YoY: -16.8%
• Active inventory: 104
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $3,877 medium
• Mortgage (P&I): −$1,652
• Tax est. 1.5%: −$394 /mo · $4,725/yr
• Insurance: −$131
• HOA: −$0
• Vacancy / Maint / Mgmt: −$814
• Net cashflow: $886

Break-even live

Break-even rent $2,756

Max offer price $315,000

Occupancy floor 72%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $78,750
• Closing costs: $9,450
• Reserves months: —
• Total cash needed: —

Listing history 10 events

1. 2026-06-09
   statusdays on market $315,000 Pending 17 DOM
2. 2026-06-08
   days on market $315,000 Active 16 DOM
3. 2026-06-07
   statusdays on market $315,000 Active 15 DOM
4. 2026-06-05
   days on market $315,000 Active Under Contract 12 DOM
5. 2026-06-03
   days on market $315,000 Active Under Contract 11 DOM
6. 2026-06-02
   days on market $315,000 Active Under Contract 10 DOM
7. 2026-06-01
   days on market $315,000 Active Under Contract 9 DOM
8. 2026-05-31
   days on market $315,000 Active Under Contract 8 DOM
9. 2026-05-30
   days on market $315,000 Active Under Contract 7 DOM
10. 2026-05-23
    listed $315,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $46,524
• − Mortgage interest: −$17,645
• − Property taxes: −$4,725
• − Insurance: −$1,575
• − Repairs & maintenance: −$3,722
• − Management: −$3,722
• − Depreciation: −$9,164
• Taxable income: $5,972
• Est. tax owed @ 24.0%: −$1,433
• After-tax cash flow: $9,198/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 30 photos

Good 75/100 Cosmetic rehab

This turnkey, 1,080 sq. ft. ranch-style home offers a good condition with a good condition score of 75. It is in need of some cosmetic updates, such as painting the exterior and replacing window treatments, to further enhance its resale and rental value.

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and value
• Both Replace window treatments — Improves aesthetics and energy efficiency
• Both Upgrade flooring in bathrooms — Enhances aesthetics and value
• Both Install smart home devices — Improves convenience and energy efficiency

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior — Enhances curb appeal and value ↑
• Both Replace window treatments — Improves aesthetics and energy efficiency ↑
• Both Upgrade flooring in bathrooms — Enhances aesthetics and value ↑
• Both Install smart home devices — Improves convenience and energy efficiency ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: RSU 21
• NCES district ID: 2314773
• Math proficiency: 91% ▲ 34.00%
• Reading proficiency: 94% ▲ 20.00%
• Median HH income: $68,462
• Composite: 79.78/100
• National rank: #55
• State rank: #13 of 112 in ME

Livability — Biddeford

• Score: 77/100
• State rank: #29
• US rank: #2925

Category grades

Amenities D- Commute A+ Cost of living B- Crime C- Employment C Housing A Health & safety A+ User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 24,772
• Population (ZIP): 8,035

Population outlook (York County) Hauer SSP2

• Today (2025): 209,961 people
• By 2030: 212,816 · +1.4%
• By 2040: 214,360 · +2.1%
• By 2050: 210,350 · +0.2%
• By 2075: 201,686 · -3.9%
• By 2100: 183,392 · -12.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Two or more races 3%
• Common ancestry: Lithuanian 16% Slovak 4% Romanian 3%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · French/Haitian/Cajun 3% Russian/Polish/Slavic 1%

Political lean MEDSL · York

• 2024 margin: D (+10.5) · D 54.3% · R 43.8% · Other 1.9%
• 2008→2024 swing: -10.1pp toward R · 2008: 20.5pp · 2024: 10.5pp
• All cycles: 2024: D+10.5 2020: D+12.6 2016: D+4.8 2012: D+16.4 2008: D+20.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -73.58%
• Current HPI: 363.3908
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

1 event — show timeline

• 2026-05-23 Listed $315,000 MREIS