118 Old Bar Harbor RoadBar HarborME04609
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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
Investment Highlights
Investment property for sale in Bar Harbor at 118 Old Bar Harbor Road, Bar Harbor, ME, 04609 with 5% annual appreciation on a $799,000 basis while $5,686/mo rent supports operations. Total monthly income totals $5,686/mo and a $3,911/mo payment preserves $643/mo for cash returns. Annual cash flow comes to $7,717/yr on $262,871 deployed, and return on cash invested reaches 23% in year one. Equity gained on principal adds $5,156/yr, and five-year appreciation sums $220,749 alongside rental yield of 8.54%. Five-year ROI measures 119.54% and total cumulative return in cash totals $314,226.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,686/mo property income versus a $3,911/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1900
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04609, Bar Harbor, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,179 (100%) |
| Owner Occupied HU | 1,735 (41.5%) |
| Renter Occupied HU | 903 (21.6%) |
| Vacant Housing Units | 1,541 (36.9%) |
| Median Home Value | $507,924 |
| Average Home Value | $582,997 |
Housing Distribution
Address Breakdown
Residential
2,811
Single Family
2,559
Multi-Family
252
Businesses
446
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Listed by: N/A • Better Homes & Gardens Real Estate/The Masiello Group
Mls Name: Maine Listings
Mls ID: #1629137