15 Carrolls Lane, Rockland, ME, 04841 | $594/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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15 Carrolls Lane, Rockland, ME, 04841 | $594/mo Cash Flow | 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 Rockland at 15 Carrolls Lane, Rockland, ME, 04841 earns $594/mo cash flow from $2,039/mo rent with a $1,121/mo payment. Total monthly income totals $2,039/mo, and annual cash flow totals $7,123/yr on $75,914 capital. ROI tracks 29.29% on current figures, and rental yield reads 10.68% at a $229,000 purchase. Equity gained on principal adds $1,478/yr, and 5% annual appreciation supports $63,268 over five years. Five-year ROI reaches 153.34% and total cumulative return in cash sums $116,405. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,039/mo property income instead of your personal income.

Single Family

Built in 1900

7,405 sqft lot

$N/A/sqft

No HOA

More details about the property

Sweet remodeled home tucked off a quiet, no through street in Rockland's up and coming South End! The original house was built c. 1900 and has many updates including thermo-pane windows, insulated walls, laminate flooring, and a heat/ac pump. The first level has an open floor plan to maximize living space, and includes a sunny kitchen with small wood stove, living area, and dining nook overlooking the back yard. An unheated 12'x6' entry serves as the all important Maine mudroom. Upstairs is a loft style bedroom with space for a bureau or writing desk, and full bath with a shower and hook up for washer and dryer. The simplicity and natural palette of the house feels similar to a small Scandi farmhouse and provides an easy aesthetic for any decor. Outside is a large back yard with plenty of room for gardening, outdoor gatherings, and space for your favorite furry friends to romp around. A small side yard with raised beds is also off the driveway. An attached 25'x20' shed needs some TLC, but opens up possibilities with a permit for those desiring a studio/workshop or additional living space. The location of this residence is fabulous--a short walk to the beach and Main Street shops, restaurants, and museums. South End Grocery and Cafe Grazie are very close by! If you're looking to simplify and live in a small, move in ready home with outdoor space, this is a great investment!! Seller is motivated.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04841, Rockland, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,077 (100%)
Owner Occupied HU	2,017 (49.5%)
Renter Occupied HU	1,533 (37.6%)
Vacant Housing Units	527 (12.9%)
Median Home Value	$278,434
Average Home Value	$370,031