101 Perch Point, Shapleigh, ME, 04076 | $71/mo Cash Flow

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101 Perch Point, Shapleigh, ME, 04076 | $71/mo Cash Flow | Ziffy

Pending

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 Shapleigh at 101 Perch Point, Shapleigh, ME, 04076 priced at $369,000 converts $2,400/mo rent into $71/mo cash flow after a $1,806/mo obligation. Total monthly income equals $2,400/mo, and annual cash flow totals $855/yr on $122,324 invested. Return on cash invested prints 20.61% in year one, and rental yield reads 7.8% against a $369,000 entry. Equity gained on principal adds $2,381/yr, while 5% annual appreciation compiles into $101,948 by year five. Five-year ROI reaches 106.78% and total cumulative return in cash sums $130,611. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $1,806/mo payment, not borrower’s personal income.

Single Family

Built in 1960

0.27 Acres lot

$N/A/sqft

No HOA

More details about the property

Resting atop a peninsula that stretches out into Mousam Lake, one of the most popular lakes in southern Maine, this cabin retreat offers quiet solitude. - with a grand total of 250' of lake frontage - 125' on the main lake and 125' on the cove! Imagine watching the sun rise from your dock on quiet Ham's Cove, and viewing fishing boats quietly glide by, before the day begins. Next, enjoy breakfast or just a cup of coffee on the spacious screened porch, listening to the birds in the trees or the mournful call of the loons, further down the lake. The cottage is among fewer than ten that share the walking path along Perch Point. The screened porch on the front of the cottage, offers spectacular views of the main lake - not only of the length of the lake but also of cottages and homes on the opposite shore. Perhaps the best view from here is that of amazing, colorful sunsets. The cottage has a living room enhanced with cathedral ceiling, appliance kitchen, bath with shower and two bedrooms - one with bunks - great for kids! There is deeded parking space, that is included with this property. Additionally, there is storage beneath the cottage for toys and outside furniture. Located just two hours from Boston and one hour each from Portland, Maine and Portsmouth, and less than one hour from ocean beaches and about an hour from winter skiing. Sample the SIMPLE LIFE and the solitude of lake living on the shore of Mousam Lake.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04076, Shapleigh, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,202 (100%)
Owner Occupied HU	1,202 (54.6%)
Renter Occupied HU	101 ( 4.6%)
Vacant Housing Units	899 (40.8%)
Median Home Value	$485,614
Average Home Value	$584,282