12 School StreetRockportME04856
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 12 School Street, Rockport, ME, 04856 in Rockport. Rental yield 3.38%. At $1,500,000 with 3.38% gross yield, current distributions are modest, but the 5% appreciation rate projects $414,422 in new equity by year five, complemented by $13,815/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.63) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $232,233.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.4% | 5.0% |
| Monthly Cash Flow | $(5,242) | $800 |
City averages based on Rockport market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $4,225 |
| Total Monthly Debt Service | $8,870 |
| DSCR Ratio | 0.48x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Single Family
Built in 2002
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04856, Rockport, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,160 (100%) |
| Owner Occupied HU | 1,466 (67.9%) |
| Renter Occupied HU | 234 (10.8%) |
| Vacant Housing Units | 460 (21.3%) |
| Median Home Value | $476,948 |
| Average Home Value | $501,153 |
Housing Distribution
Address Breakdown
Residential
1,517
Single Family
1,517
Multi-Family
0
Businesses
299
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
Single Family
Built in 2002
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04856, Rockport, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,160 (100%) |
| Owner Occupied HU | 1,466 (67.9%) |
| Renter Occupied HU | 234 (10.8%) |
| Vacant Housing Units | 460 (21.3%) |
| Median Home Value | $476,948 |
| Average Home Value | $501,153 |
Housing Distribution
Address Breakdown
Residential
1,517
Single Family
1,517
Multi-Family
0
Businesses
299
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices