123 Blackberry PlaceKitteryME03904
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
Investment Highlights
Rental property for sale in Kittery at 123 Blackberry Place, Kittery, ME, 03904 priced at $115,000 converts $2,043/mo rent into $602/mo cash flow after a $563/mo obligation. Total monthly income equals $2,043/mo, and annual cash flow totals $7,225/yr on $38,123 invested. Return on cash invested prints 38.86% in year one, and rental yield reads 21.32% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 212.94% and total cumulative return in cash sums $81,177. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,043/mo property income covering a $563/mo payment, not borrower’s personal income.
Manufactured
Built in 2015
N/A lot
$N/A/sqft
$715 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03904, Kittery, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,413 (100%) |
| Owner Occupied HU | 2,410 (54.6%) |
| Renter Occupied HU | 1,466 (33.2%) |
| Vacant Housing Units | 537 (12.2%) |
| Median Home Value | $553,355 |
| Average Home Value | $593,606 |
Housing Distribution
Address Breakdown
Residential
4,022
Single Family
3,639
Multi-Family
383
Businesses
437
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Listed by: N/A • RE/MAX Shoreline
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1618577
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. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782