12 Tuckers CoveKittery PointME03905
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 2.15% gross rental yield, 12 Tuckers Cove, Kittery Point, ME, 03905 in Kittery Point is priced for capital growth, not immediate cash flow. The $1,475,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $407,515 by year five, with $12,365/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.38) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $103,206.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.2% | 6.0% |
| Monthly Cash Flow | $(6,669) | $300 |
City averages based on Kittery Point 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 | $2,640 |
| Total Monthly Debt Service | $9,082 |
| DSCR Ratio | 0.29x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1987
10.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03905, Kittery Point, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,110 (100%) |
| Owner Occupied HU | 825 (74.3%) |
| Renter Occupied HU | 145 (13.1%) |
| Vacant Housing Units | 140 (12.6%) |
| Median Home Value | $680,677 |
| Average Home Value | $788,394 |
Housing Distribution
Address Breakdown
Residential
860
Single Family
860
Multi-Family
0
Businesses
38
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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
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Listed by: Anne Erwin Real Estate • Anne Erwin Sothebys International Rlty
Mls Name: PrimeMLS
Mls ID: #5059546
