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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in South Berwick at 1 Alder Drive, South Berwick, ME, 03908 priced at $425,000 converts $3,000/mo rent into $318/mo cash flow after a $2,080/mo obligation. Total monthly income equals $3,000/mo, and annual cash flow totals $3,815/yr on $140,888 invested. Return on cash invested prints 22.62% in year one, and rental yield reads 8.47% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 117.52% and total cumulative return in cash sums $165,569. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,000/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Single Family
Built in 1987
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 03908, South Berwick, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,137 (100%) |
| Owner Occupied HU | 2,413 (76.9%) |
| Renter Occupied HU | 619 (19.7%) |
| Vacant Housing Units | 105 ( 3.3%) |
| Median Home Value | $457,853 |
| Average Home Value | $487,165 |
Residential
3,053
Single Family
2,856
Multi-Family
197
Businesses
168
Date | Event | Price |
|---|---|---|
| 2024-10-09 | Listed for sale | $425,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-10-15 | $3961.00 | -0.35% | $272,400 | 6.49% |
| 2021-10-15 | $3975.00 | -1.80% | $255,800 | 10.59% |
| 2020-10-15 | $4048.00 | 4.63% | $231,300 | 12.39% |
Listed by: N/A • Duston Leddy Real Estate
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1606391
Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
