13 Narrows Way, Georgetown, ME, 04548 | 6.19% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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13 Narrows Way, Georgetown, ME, 04548 | 6.19% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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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Investment Highlights

Rental property for sale in Georgetown at 13 Narrows Way, Georgetown, ME, 04548 offers $3,533/mo rent that, after a $3,353/mo payment. Total monthly income is $3,533/mo. Return on cash invested measures 15.85% in year one, and rental yield stands at 6.19% at a $685,000 entry. Equity gained on principal adds $4,420/yr while 5% annual appreciation compounds into $189,253 by year five. Five-year ROI records 81.22% and total cumulative return in cash reaches $183,034. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,533/mo property income versus a $3,353/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1989

5 Acres lot

$N/A/sqft

No HOA

More details about the property

The perfect seaside getaway, never before offered, overlooks Georgetown's coveted Narrows inside McMahan and Turnip Islands. You will spend years gazing past your boats to Sheepscot Bay and the open ocean, marveling at the protection of your waterfront. This incredibly private, five acre location boasts a Lindal-Style prow home, a distinctive architectural style characterized by a large, triangular, multi-story wall of windows that peers out like the front of a ship, capturing panoramic views and bathing the interior with natural light. Incredible sunrises are the norm at this home every day! This sought-after modern A-frame-inspired design dramatically enhances the view of sky and sea here at Narrows Way -- you will feel your soul unwind the minute you enter this lovely home and gaze through the living space to sea-framed pines. After decades of enjoyment this family must let go of their cherished Maine summer home. Update the interior and complete a deck replacement to your liking. New septic system design is ready and needs to be installed within 180 days of purchase to replace the overboard discharge system. Explore winterizing or expanding this home! The ramp and float are no longer on site, but a small pier section remains for you to use. Please use caution on back stairs. Rails are temporary and children should not be allowed on stairwell without close supervision. Offers should be submitted by Monday 10/20 at 4 p.m. and be valid until Tuesday10/21 at noon.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04548, Georgetown, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,058 (100%)
Owner Occupied HU	428 (40.5%)
Renter Occupied HU	80 ( 7.6%)
Vacant Housing Units	550 (52.0%)
Median Home Value	$521,825
Average Home Value	$618,592