106 Farragut Way #370KennebunkME04043
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 106 Farragut Way #370, Kennebunk, ME, 04043 in Kennebunk. Rental yield 2.5%. At $335,000 with 2.5% gross yield, current distributions are modest, but the 5% appreciation rate projects $92,554 in new equity by year five, complemented by $3,085/yr in principal paydown. Ziffy Mortgage's DSCR loan (2.48) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $209,113.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.5% | 6.0% |
| Monthly Cash Flow | $(1,912) | $800 |
City averages based on Kennebunk market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,735 |
| Total Monthly Debt Service | $2,355 |
| DSCR Ratio | 1.59x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1999
15.65 Acres lot
$N/A/sqft
$374 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1999
15.65 Acres lot
$N/A/sqft
$374 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Lighthouse Real Estate Group
Mls Name: Maine Listings
Mls Provider:
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