1 Elizabeth Road #1South BerwickME03908
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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
Total monthly income runs $1,860/mo, and a $2,178/mo payment. Purchase price stands at $445,000, and rental yield measures 5.02% with $1,860/mo rent. Return on cash invested shows 12.19% in year one, and 5% annual appreciation builds toward $122,945 over five years. Five-year ROI reaches 61.63% and total cumulative return in cash records $90,908. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,860/mo property income covering a $2,178/mo payment rather than investor’s personal income.
Condo
Built in 2001
12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03908, South Berwick, ME area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
3,053
Single Family
2,856
Multi-Family
197
Businesses
168
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Listed by: N/A • Landing Real Estate
Mls Name: Maine Listings
Mls ID: #1650771