10 Harbor Drive #10LincolnvilleME04849
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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
Investment property for sale in Lincolnville at 10 Harbor Drive #10, Lincolnville, ME, 04849 uses $115,694 cash to close to unlock $931/yr annual cash flow and $78/mo monthly cash flow. Total monthly income runs $2,280/mo, and a $1,708/mo payment keeps the spread at $78/mo. Purchase price stands at $349,000, and rental yield measures 7.84% with $2,280/mo rent. Return on cash invested shows 20.71% in year one, and 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 107.32% and total cumulative return in cash records $124,164. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,280/mo property income covering a $1,708/mo payment rather than investor’s personal income.
Condo
Built in 1986
20.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04849, Lincolnville, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,797 (100%) |
| Owner Occupied HU | 1,563 (55.9%) |
| Renter Occupied HU | 245 ( 8.8%) |
| Vacant Housing Units | 989 (35.4%) |
| Median Home Value | $368,066 |
| Average Home Value | $500,694 |
Housing Distribution
Address Breakdown
Residential
2,028
Single Family
2,028
Multi-Family
0
Businesses
92
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Listed by: N/A • The MidcoastHome Real Estate Co.
Mls Name: Maine Listings
Mls ID: #1641764