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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Boothbay Harbor at 11 Patton Lane, Boothbay Harbor, ME, 04538 offers a 9.72% rental yield on a $467,500 purchase with $3,785/mo rent. Total monthly income registers $3,785/mo, and a $2,288/mo payment leaves $835/mo available for distribution. Annual cash flow reaches $10,017/yr on $154,976 to close, and return on cash invested stands at 26.37% in year one. Equity gained on principal adds $3,017/yr while 5% annual appreciation supports $129,162 over five years. Portfolio math shows five-year ROI at 137.65% and total cumulative return in cash at $213,328. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,785/mo property income against a $2,288/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 04538, Boothbay Harbor, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,057 (100%) |
| Owner Occupied HU | 692 (33.6%) |
| Renter Occupied HU | 331 (16.1%) |
| Vacant Housing Units | 1,034 (50.3%) |
| Median Home Value | $456,164 |
| Average Home Value | $625,040 |
Residential
1,119
Single Family
1,042
Multi-Family
77
Businesses
217
Date | Event | Price |
|---|---|---|
| 2025-06-05 | Sold | $467,500 |
| 2025-06-03 | Pending sale | $499,000 |
| 2025-05-20 | Contingent | $499,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-29 | $2015.00 | N/A | $225,100 | N/A |
| 2023-10-29 | $2015.00 | 7.18% | $225,100 | N/A |
| 2022-10-29 | $1880.00 | 8.86% | $225,100 | 55.78% |
Listed by: N/A • Keller Williams Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1619666
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
