1 Echo Lake RoadBoothbay HarborME04538
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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 Boothbay Harbor at 1 Echo Lake Road, Boothbay Harbor, ME, 04538 offers $3,360/mo rent that, after a $3,323/mo payment. Total monthly income is $3,360/mo. Return on cash invested measures 15.09% in year one, and rental yield stands at 5.94% at a $679,000 entry. Equity gained on principal adds $4,381/yr while 5% annual appreciation compounds into $187,595 by year five. Five-year ROI records 77.15% and total cumulative return in cash reaches $172,355. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,360/mo property income versus a $3,323/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2013
1.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04538, Boothbay Harbor, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,057 (100%) |
| Owner Occupied HU | 692 (33.6%) |
| Renter Occupied HU | 331 (16.1%) |
| Vacant Housing Units | 1,034 (50.3%) |
| Median Home Value | $456,164 |
| Average Home Value | $625,040 |
Housing Distribution
Address Breakdown
Residential
1,119
Single Family
1,042
Multi-Family
77
Businesses
217
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Listed by: N/A • Tindal & Callahan Real Estate
Mls Name: Maine Listings
Mls ID: #1632617