12 Sunrise Lane #37KennebunkportME04046
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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 Kennebunkport at 12 Sunrise Lane #37, Kennebunkport, ME, 04046 offers a 8.34% rental yield on a $409,900 purchase with $2,850/mo rent. Total monthly income registers $2,850/mo, and a $2,006/mo payment leaves $263/mo available for distribution. Annual cash flow reaches $3,160/yr on $135,882 to close, and return on cash invested stands at 22.23% in year one. Equity gained on principal adds $2,645/yr while 5% annual appreciation supports $113,248 over five years. Portfolio math shows five-year ROI at 115.49% and total cumulative return in cash at $156,928. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,850/mo property income against a $2,006/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2017
300 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04046, Kennebunkport, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,367 (100%) |
| Owner Occupied HU | 3,207 (59.8%) |
| Renter Occupied HU | 482 ( 9.0%) |
| Vacant Housing Units | 1,678 (31.3%) |
| Median Home Value | $661,109 |
| Average Home Value | $817,945 |
Housing Distribution
Address Breakdown
Residential
3,756
Single Family
3,735
Multi-Family
21
Businesses
225
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Listed by: N/A • Coldwell Banker Realty
Mls Name: Maine Listings
Mls ID: #1633877