0 Ben Island IslandHarpswellME04079
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 0 Ben Island Island, Harpswell, ME, 04079 in Harpswell. Rental yield 1.29%. At $1,945,000 with 1.29% gross yield, current distributions are modest, but the 5% appreciation rate projects $537,368 in new equity by year five, complemented by $17,914/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.24) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $75,227.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 1.3% | 6.2% |
| Monthly Cash Flow | $(10,316) | $350 |
City averages based on Harpswell market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,084 |
| Total Monthly Debt Service | $11,626 |
| DSCR Ratio | 0.18x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1221
4.20 Acres lot
$N/A/sqft
$1,500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04079, Harpswell, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,341 (100%) |
| Owner Occupied HU | 1,744 (52.2%) |
| Renter Occupied HU | 284 ( 8.5%) |
| Vacant Housing Units | 1,313 (39.3%) |
| Median Home Value | $755,906 |
| Average Home Value | $839,537 |
Housing Distribution
Address Breakdown
Residential
2,280
Single Family
2,280
Multi-Family
0
Businesses
74
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1221
4.20 Acres lot
$N/A/sqft
$1,500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04079, Harpswell, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,341 (100%) |
| Owner Occupied HU | 1,744 (52.2%) |
| Renter Occupied HU | 284 ( 8.5%) |
| Vacant Housing Units | 1,313 (39.3%) |
| Median Home Value | $755,906 |
| Average Home Value | $839,537 |
Housing Distribution
Address Breakdown
Residential
2,280
Single Family
2,280
Multi-Family
0
Businesses
74
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices