13 Cross StreetKitteryME03904
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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 Kittery at 13 Cross Street, Kittery, ME, 03904 uses $203,980 cash to close to unlock $10,148/yr annual cash flow and $846/mo monthly cash flow. Total monthly income runs $4,759/mo, and a $3,035/mo payment keeps the spread at $846/mo. Purchase price stands at $620,000, and rental yield measures 9.21% with $4,759/mo rent. Return on cash invested shows 25.04% in year one, and 5% annual appreciation builds toward $171,295 over five years. Five-year ROI reaches 130.46% and total cumulative return in cash records $266,115. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,759/mo property income covering a $3,035/mo payment rather than investor’s personal income.
Single Family
Built in 1964
0.25 Acres lot
$N/A/sqft
No 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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