1459 Back CoveWaldoboroME04572
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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 Waldoboro at 1459 Back Cove, Waldoboro, ME, 04572 offers a 8.75% rental yield on a $255,000 purchase with $1,860/mo rent. Total monthly income registers $1,860/mo, and a $1,248/mo payment leaves $219/mo available for distribution. Annual cash flow reaches $2,624/yr on $84,533 to close, and return on cash invested stands at 23.01% in year one. Equity gained on principal adds $1,645/yr while 5% annual appreciation supports $70,452 over five years. Portfolio math shows five-year ROI at 119.81% and total cumulative return in cash at $101,276. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,860/mo property income against a $1,248/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2004
1.57 Acres lot
$N/A/sqft
$385 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Lash Realty Group
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1594574
Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782