106 Farragut Way #370, Kennebunk, ME, 04043 | $1,246/mo Cash Flow

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106 Farragut Way #370, Kennebunk, ME, 04043 | $1,246/mo Cash Flow | Ziffy

Recently Sold

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 Kennebunk at 106 Farragut Way #370, Kennebunk, ME, 04043 uses $111,053 cash to close to unlock $14,957/yr annual cash flow and $1,246/mo monthly cash flow. Total monthly income runs $3,735/mo, and a $1,640/mo payment keeps the spread at $1,246/mo. Purchase price stands at $335,000, and rental yield measures 13.38% with $3,735/mo rent. Return on cash invested shows 33.38% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 176.71% and total cumulative return in cash records $196,244. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,735/mo property income covering a $1,640/mo payment rather than investor’s personal income.

Condo

Built in 1999

15.65 Acres lot

$N/A/sqft

$374 monthly HOA

More details about the property

This pristine 1 bedroom, 1 bath end-unit condo is located at the desirable Farragut Condominium 55+ community. The open concept floor plan features a spacious living room with gas fireplace and gleaming hardwood floors, a dining area and a fully applianced kitchen with oak cabinets and a skylight. The bedroom includes new carpeting and a walk-in closet. A stackable washer and dryer are located in the hallway and the full bathroom includes a tub/shower combination. The interior has been freshly painted throughout, with all new smoke detectors, and a new air conditioning unit. An elevator is conveniently located for easy access to this 3rd floor unit. The common areas in the Inn include several gathering rooms, a community kitchen, an indoor pool, and fitness room. A private road and walkway will connect you to abutting shops, a grocery store, a restaurant, and more. Local beaches and all the amenities of downtown Kennebunk are just minutes away!

Price History

Date	Event	Price
2025-09-04	Sold	$335,000
2025-08-14	Pending sale	$350,000
2025-07-15	Price change	$350,000

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
2024-10-15	$3141.00	N/A	$195,700	N/A
2023-10-15	$3141.00	9.94%	$195,700	N/A
2022-10-15	$2857.00	2.44%	$195,700	N/A

Nearby investment properties with comparable rents

3 Bed
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1452 sft

39 General John Sullivan Way, Rollinsford, NH, 03869

2 Bed
2 Bath
1176 sft

26 Stevens Court, Rollinsford, NH, 03869

3 Bed
4 Bath
1872 sft

302 Furbish Road, Wells, ME, 04090

3 Bed
2 Bath
1425 sft

49 Manson Road, Kittery, ME, 03904

Nearby investment properties with comparable prices

3 Bed
2 Bath
1566 sft

34 Brookside Circle, Ogunquit, ME, 03907

2 Bed
2 Bath
1502 sft

25 Riverview Drive #D, North Berwick, ME, 03906

2 Bed
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760 sft

454 Post Road UNIT 128, Wells, ME, 04090

3 Bed
1 Bath
1816 sft

14 Central Street, Somersworth, NH, 03878

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Condo
Year Built: 1999
Architectural Style: Other
Building Area: 1,059
Living Area: 1,059 sqft
Property Condition: N/A

Features & Amenities

Heating: Hot Water, Baseboard
Cooling: Central Air
Flooring: Wood, Tile, Carpet
Interior Features: Walk-In Closet(s), Elevator, 1st Floor Bedroom, One-Floor Living, Other, Shower
Exterior Features: N/A
Parking Features: 1 - 4 Spaces, Paved, Common, On Site, Other

Location

City: Kennebunk
State: ME
Subdivision: The Farragut at Kennebunk Condominium Association
Lot Size: 15.65 Acres
Lot Features: Well Landscaped, Sidewalks, Wooded, City Lot, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Near Public Transit, Irrigation System
View: Trees/Woods

HOA & Fees

HOA Fee: $374 monthly
Association Fee: $374 monthly
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: Utilities On
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 • Lighthouse Real Estate Group

Mls Name: Maine Listings

Mls Provider: Mls

Mls ID: #1621601

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. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782

106 Farragut Way #370,Kennebunk,ME,04043

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

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

106 Farragut Way #370KennebunkME04043