13 Spring Lake DriveNorth WaterboroME04061
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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 North Waterboro at 13 Spring Lake Drive, North Waterboro, ME, 04061 uses $119,340 cash to close to unlock $7,296/yr annual cash flow and $608/mo monthly cash flow. Total monthly income runs $2,880/mo, and a $1,762/mo payment keeps the spread at $608/mo. Purchase price stands at $360,000, and rental yield measures 9.6% with $2,880/mo rent. Return on cash invested shows 26.02% in year one, and 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 135.77% and total cumulative return in cash records $162,033. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,880/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 2002
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04061, North Waterboro, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,547 (100%) |
| Owner Occupied HU | 1,220 (78.9%) |
| Renter Occupied HU | 90 ( 5.8%) |
| Vacant Housing Units | 237 (15.3%) |
| Median Home Value | $369,110 |
| Average Home Value | $370,359 |
Housing Distribution
Address Breakdown
Residential
1,212
Single Family
932
Multi-Family
280
Businesses
29
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Listed by: N/A • Demetria Real Estate
Mls Name: Maine Listings
Mls ID: #1641723