15 Colony Way, Kittery, ME, 03904 | $672/mo Cash Flow

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15 Colony Way, Kittery, ME, 03904 | $672/mo Cash Flow | Ziffy

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Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

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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 Kittery at 15 Colony Way, Kittery, ME, 03904 uses $112,677 cash to close to unlock $8,070/yr annual cash flow and $672/mo monthly cash flow. Total monthly income runs $3,468/mo, and a $1,664/mo payment keeps the spread at $672/mo. Purchase price stands at $339,900, and rental yield measures 12.24% with $3,468/mo rent. Return on cash invested shows 27.07% in year one, and 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 143.93% and total cumulative return in cash records $162,179. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,468/mo property income covering a $1,664/mo payment rather than investor’s personal income.

Manufactured

Built in 2023

N/A lot

$N/A/sqft

$650 monthly HOA

More details about the property

Welcome to Yankee Settlement! Experience single-level living in this brand new beautiful home, nestled in a peaceful 55+ community, less than 15 minutes from the beach. You'll love the open concept living area with a stunning kitchen. Two spacious bedrooms offers plenty of space to spread out comfortably. Additional features include central air conditioning, beautiful luxury vinyl plank flooring throughout and an attached two car garage. Outside, relax on the large composite wood deck or the beautiful porch! Don't miss this opportunity!

Neighborhood Data

Neighborhood data shown for ZIP Code: 03904, Kittery, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,413 (100%)
Owner Occupied HU	2,410 (54.6%)
Renter Occupied HU	1,466 (33.2%)
Vacant Housing Units	537 (12.2%)
Median Home Value	$553,355
Average Home Value	$593,606

Housing Distribution

Address Breakdown

Residential

4,022

Single Family

3,639

Multi-Family

383

Businesses

437

Price History

Date	Event	Price
2024-09-03	Price change	$339,900
2024-06-28	Listed for sale	$379,900
2024-04-11	Listing removed	N/A

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
No tax history data available

Nearby investment properties with comparable rents

2 Bed
2 Bath
1404 sft

9 Colony Way, Kittery, ME, 03904

3 Bed
1 Bath
1480 sft

15 Ocean Boulevard, Hampton, NH, 03842

2 Bed
2 Bath
1680 sft

28 Regency Circle #2, Kittery, ME, 03904

3 Bed
1 Bath
1144 sft

137 Clark Road, Rye, NH, 03870

Nearby investment properties with comparable prices

2 Bed
2 Bath
1404 sft

9 Colony Way, Kittery, ME, 03904

2 Bed
3 Bath
1125 sft

5 Brookside Drive #5, Stratham, NH, 03885

1 Bed
1 Bath
1488 sft

64 Glengarry Drive, Stratham, NH, 03885

2 Bed
1 Bath
980 sft

10B Whittier Drive, Seabrook, NH, 03874

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: MobileManufactured
Year Built: 2023
Architectural Style: Ranch
Building Area: 1,404
Living Area: 1,404 sqft
Property Condition: New Construction

Features & Amenities

Heating: Forced Air
Cooling: Central Air
Flooring: N/A
Interior Features: 1st Floor Primary Bedroom w/Bath, One-Floor Living, Shower
Exterior Features: N/A
Parking Features: 1 - 4 Spaces, Paved, Garage Door Opener, Inside Entrance

Location

City: Kittery
State: ME
Subdivision: Yankee Settlement MHP
Lot Size: N/A
Lot Features: Level
View: N/A

HOA & Fees

HOA Fee: $650 monthly
Association Fee: $650 monthly
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: N/A
Sewer: Public Sewer
Water Source: Public
Road Surface Type: N/A

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: N/A • Signature Homes Real Estate Group, LLC

Mls Name: Maine Listings

Mls Provider: Mls

Mls ID: #1595076

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

15 Colony Way,Kittery,ME,03904

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

15 Colony WayKitteryME03904