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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% |
Rental property for sale in Kennebunk at 115 Fletcher Street, Kennebunk, ME, 04043 offers $2,982/mo rent that, after a $2,007/mo payment, leaves $394/mo cash flow. Total monthly income is $2,982/mo, and annual cash flow is $4,730/yr on $135,915 cash. Return on cash invested measures 23.39% in year one, and rental yield stands at 8.73% at a $410,000 entry. Equity gained on principal adds $2,646/yr while 5% annual appreciation compounds into $113,275 by year five. Five-year ROI records 121.68% and total cumulative return in cash reaches $165,383. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,982/mo property income versus a $2,007/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
9,147 sqft lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2024-10-18 | Price change | $410,000 |
| 2024-10-04 | Listed for sale | $434,900 |
| 2023-01-05 | Sold | $385,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-11-11 | $2431.00 | 2.44% | $166,500 | N/A |
| 2021-11-11 | $2373.00 | 0.72% | $166,500 | N/A |
| 2020-11-11 | $2356.00 | 2.93% | $166,500 | N/A |
Listed by: N/A • Coldwell Banker Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1605906
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. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
