14 Serenity Drive, Harpswell, ME, 04079 | 4.58% Rental Yield

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14 Serenity Drive, Harpswell, ME, 04079 | 4.58% 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

Investment property for sale in Harpswell at 14 Serenity Drive, Harpswell, ME, 04079 listed at $499,900 pairs $1,907/mo rent with a $2,447/mo payment. Total monthly income runs $1,907/mo. Return on cash invested measures 10.87% in year one, and rental yield registers 4.58% at a $499,900 basis. Equity gained on principal adds $3,226/yr, and annual property appreciation at 5% supports $138,113 by year five. Five-year ROI tracks 54.53% and total cumulative return in cash totals $90,360. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,907/mo property income relative to a $2,447/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1956

0.27 Acres lot

$N/A/sqft

No HOA

More details about the property

This sweet 2 bedroom seasonal cottage is the last one on Serenity Drive and is a quiet summer retreat with 94 feet of deep water frontage on Mill Cove. It has been in the same family since built in 1956 and offers true coastal cottage charm in quaint Harpswell. Open kitchen and living room with original pine board paneling and exposed rafters and fireplace. Cozy enclosed screen porch overlooking beautiful Mill Cove. Large lawn with plenty of parking and entertaining space for your guests. Seller has a deep water mooring for a boat. Easy 9 mile drive to all of the amenities that downtown Brunswick has to offer.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04079, Harpswell, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,341 (100%)
Owner Occupied HU	1,744 (52.2%)
Renter Occupied HU	284 ( 8.5%)
Vacant Housing Units	1,313 (39.3%)
Median Home Value	$755,906
Average Home Value	$839,537