10 Shana Lane, North Berwick, ME, 03906 | $486/mo Cash Flow

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10 Shana Lane, North Berwick, ME, 03906 | $486/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in North Berwick at 10 Shana Lane, North Berwick, ME, 03906 uses $116,025 cash to close to unlock $5,834/yr annual cash flow and $486/mo monthly cash flow. Total monthly income runs $2,695/mo, and a $1,713/mo payment keeps the spread at $486/mo. Purchase price stands at $350,000, and rental yield measures 9.24% with $2,695/mo rent. Return on cash invested shows 24.94% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 130% and total cumulative return in cash records $150,830. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,695/mo property income covering a $1,713/mo payment rather than investor’s personal income.

Single Family

Built in 1986

2.33 Acres lot

$N/A/sqft

No HOA

More details about the property

This Picturesque tree lined driveway, along with surrounding tree property lines, offers many opportunities for privacy, gardens, fun recreational uses and entertainment. Come see this adorable, cozy home nestle back off the road with lots of wide-open space surrounding it. Enjoy relaxing on the back deck and watching the wildlife wander by. Inside, the home features many updates on the main floor. The spacious basement has some framing up, with the idea of creating more living space. A smaller home with many mighty potentials!

Neighborhood Data

Neighborhood data shown for ZIP Code: 03906, North Berwick, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,228 (100%)
Owner Occupied HU	1,733 (77.8%)
Renter Occupied HU	357 (16.0%)
Vacant Housing Units	138 ( 6.2%)
Median Home Value	$453,463
Average Home Value	$469,577