11 Carriage Hill #D, Eliot, ME, 03903 | $484/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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11 Carriage Hill #D, Eliot, ME, 03903 | $484/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

Rental property for sale in Eliot at 11 Carriage Hill #D, Eliot, ME, 03903 priced at $330,000 converts $2,566/mo rent into $484/mo cash flow after a $1,615/mo obligation. Total monthly income equals $2,566/mo, and annual cash flow totals $5,802/yr on $109,395 invested. Return on cash invested prints 25.21% in year one, and rental yield reads 9.33% against a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,173 by year five. Five-year ROI reaches 131.47% and total cumulative return in cash sums $143,819. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,566/mo property income covering a $1,615/mo payment, not borrower’s personal income.

Condo

Built in 1975

3,049 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 11 Carriage Hill, Unit 11D in Eliot! This charming 2-bedroom, 1-bath second floor condo offers affordable, low-maintenance living in an unbeatable location. South Eliot sits beside desirable Portsmouth, NH, and Kitterysurrounded by water with the Piscataqua River on one side and Spinney Creek on the other. Enjoy the convenience of walking to Portsmouth or Kittery Foreside, or if you work at the shipyard, simply ride your bike to avoid traffic and parking congestion on base. The Great Cove Boat Club is just a few doors away, and the Dead Duck boat launch and public park are nearby for outdoor enjoyment. Perfect for those starting out or downsizing, this unit features spacious rooms, efficient heating, and ample parkingall in a peaceful, highly sought-after community.

Neighborhood Data

Neighborhood data shown for ZIP Code: 03903, Eliot, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,085 (100%)
Owner Occupied HU	2,494 (80.8%)
Renter Occupied HU	419 (13.6%)
Vacant Housing Units	172 ( 5.6%)
Median Home Value	$606,849
Average Home Value	$638,798