1 Grimes AvenueEast BoothbayME04544
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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 East Boothbay at 1 Grimes Avenue, East Boothbay, ME, 04544 offers $0/mo rent that, after a $8,296/mo payment. Total monthly income is $0/mo. Return on cash invested measures -3% in year one, and rental yield stands at 0% at a $1,695,000 entry. Equity gained on principal adds $10,938/yr while 5% annual appreciation compounds into $468,297 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $0/mo property income versus a $8,296/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04544, East Boothbay, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 968 (100%) |
| Owner Occupied HU | 326 (33.7%) |
| Renter Occupied HU | 35 ( 3.6%) |
| Vacant Housing Units | 607 (62.7%) |
| Median Home Value | $583,333 |
| Average Home Value | $980,905 |
Housing Distribution
Address Breakdown
Residential
206
Single Family
206
Multi-Family
0
Businesses
35
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: N/A • Tindal & Callahan Real Estate
Mls Name: Maine Listings
Mls ID: #1630425