10 Summit Circle UNIT 10, Westbrook, ME, 04092 | 7.62% Rental Yield

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10 Summit Circle UNIT 10, Westbrook, ME, 04092 | 7.62% Rental Yield | Ziffy

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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

Rental property for sale in Westbrook at 10 Summit Circle UNIT 10, Westbrook, ME, 04092 offers $2,700/mo rent that, after a $2,080/mo payment. Total monthly income is $2,700/mo. Return on cash invested measures 19.74% in year one, and rental yield stands at 7.62% at a $425,000 entry. Equity gained on principal adds $2,742/yr while 5% annual appreciation compounds into $117,420 by year five. Five-year ROI records 102.2% and total cumulative return in cash reaches $143,981. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,700/mo property income versus a $2,080/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Townhouse

Built in 1990

5,227 sqft lot

$N/A/sqft

$460 annually HOA

More details about the property

Welcome to Westfields....one of Westbrook's most sought after neighborhoods! A rare, Summit Circle offering! This beautiful home sits on the exterior side of the circle with a fully fenced-in backyard and wonderful views of the surrounding woods with peeks of Mill Brook in the wintertime from your living room windows. Close to everything, this home is 5 minutes to downtown Westbrook and 15 minutes to downtown Portland, with easy access to I-95 for commuting to either Lewiston/Auburn or Saco/Biddeford areas. This home is move-in ready and has been refreshed wonderfully with all newly painted walls and ceilings, all new carpets throughout and a mix of hardwood and tile. All newer stainless steel appliances in the kitchen. A wonderfully clean slate to make kitchen and bathroom custom updates to increase your equity! This is the largest layout in the Westfield's Association with three or four bedrooms, two and a half bathrooms, a huge family room in the fully finished, daylight, walk out basement, not to mention a giant living room on the main floor.....Plus a one-car, attached garage! This home has two separate rear decks; one at ground level in your private backyard and one off of the main floor for grilling and cocktails. Don't miss this incredible opportunity!

Neighborhood Data

Neighborhood data shown for ZIP Code: 04092, Westbrook, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,635 (100%)
Owner Occupied HU	5,818 (60.4%)
Renter Occupied HU	3,482 (36.1%)
Vacant Housing Units	335 ( 3.5%)
Median Home Value	$429,262
Average Home Value	$476,999

Housing Distribution

Address Breakdown

Residential

9,188

Single Family

7,919

Multi-Family

1,269

Businesses

653

Price History

Date	Event	Price
2024-10-15	Listed for sale	$425,000

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
No tax history data available

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Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Townhouse
Year Built: 1990
Architectural Style: Colonial,Townhouse
Building Area: 1,792
Living Area: 1,792 sqft
Property Condition: N/A

Features & Amenities

Heating: Multi-Zones, Hot Water, Baseboard
Cooling: None
Flooring: N/A
Interior Features: Walk-In Closet(s), Bathtub, Shower, Primary Bedroom w/Bath
Exterior Features: N/A
Parking Features: 1 - 4 Spaces, Paved, On Site, Garage Door Opener, Inside Entrance

Location

City: Westbrook
State: ME
Subdivision: Westfields HOA
Lot Size: 5,227 sqft
Lot Features: Cul-De-Sac, Level, Rolling Slope, Sidewalks, Abuts Conservation, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Subdivided
View: Trees/Woods

HOA & Fees

HOA Fee: $460 annually
Association Fee: $460 annually
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: N/A
Sewer: Public Sewer
Water Source: Public
Road Surface Type: Paved

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: N/A • EXP Realty

Mls Name: Maine Listings

Mls Provider: Mls

Mls ID: #1606850

Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782

10 Summit Circle UNIT 10,Westbrook,ME,04092

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

10 Summit Circle UNIT 10WestbrookME04092