13 Spring StreetBowdoinhamME04008
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 13 Spring Street, Bowdoinham, ME, 04008 in Bowdoinham is narrow, $129/mo net on $2,332/mo rent after the $1,654/mo debt service, but the property operates at break-even-plus, not a loss. At $349,000 with a 8.02% yield, the long-run equity case via 5% appreciation ($96,422 over five years) and $2,926/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.41 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $134,338.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 5.0% |
| Monthly Cash Flow | $129 | $900 |
City averages based on Bowdoinham 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 | $2,332 |
| Total Monthly Debt Service | $2,149 |
| DSCR Ratio | 1.09x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 2017
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04008, Bowdoinham, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,501 (100%) |
| Owner Occupied HU | 1,169 (77.9%) |
| Renter Occupied HU | 188 (12.5%) |
| Vacant Housing Units | 144 ( 9.6%) |
| Median Home Value | $427,358 |
| Average Home Value | $438,319 |
Housing Distribution
Address Breakdown
Residential
1,274
Single Family
1,249
Multi-Family
25
Businesses
62
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1682232
