147 State Route 32, New Harbor, ME, 04554 | Equity Gain $4,833/yr

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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147 State Route 32, New Harbor, ME, 04554 | Equity Gain $4,833/yr | 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 New Harbor at 147 State Route 32, New Harbor, ME, 04554 offers a 0% rental yield on a $749,000 purchase with $0/mo rent. 96% in year one. Equity gained on principal adds $4,833/yr while 5% annual appreciation supports $206,935 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $3,666/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1930

4,356 sqft lot

$N/A/sqft

No HOA

More details about the property

In an iconic location perched on the rocky shores of New Harbor, the McFarland Cottage is a quintessential waterfront property with .10 acres and outstanding views looking back on New Harbor and out to Muscongus Bay. The house is a charming, seasonal cottage with a wraparound deck and two bedrooms. The historic home's appealing character is reminiscent of a classic summer cottage with wood-paneled walls and ceiling throughout and water views from nearly every room promote the continuously changing scenery and the soothing sounds of the water. The property has a small lawn, 91 feet of frontage on the harbor, a deep-water mooring, and it is possible to build a deep-water dock.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04554, New Harbor, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	884 (100%)
Owner Occupied HU	282 (31.9%)
Renter Occupied HU	43 ( 4.9%)
Vacant Housing Units	559 (63.2%)
Median Home Value	$595,109
Average Home Value	$716,090