1459 Back CoveWaldoboroME04572
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 1459 Back Cove, Waldoboro, ME, 04572 in Waldoboro. At $255,000 it earns $1,860/mo in rent and distributes $219/mo to the owner after the $1,147/mo payment, a consistent 8.75% yield. DSCR 1.62 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $70,452 in value; $2,349/yr in principal paydown compounds ownership stake. Total projected return: $111,011.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 7.1% |
| Monthly Cash Flow | $219 | $450 |
City averages based on Waldoboro market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,860 |
| Total Monthly Debt Service | $1,540 |
| DSCR Ratio | 1.21x |
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 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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