15 Lewis DriveWestport IslandME04578
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
Investment Highlights
Rental property for sale in Westport Island at 15 Lewis Drive, Westport Island, ME, 04578 generates $1,842/mo in rent, after a $4,381/mo payment. Total monthly income is $1,842/mo. Return on cash invested sits at 4.55% in year one, and rental yield is 2.47% on a $895,000 entry. Equity gained on principal adds $5,775/yr, while 5% annual appreciation builds toward $247,272 over five years. Five-year ROI reaches 20.59% and total cumulative return in cash sums $60,638. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,842/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
1.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04578, Wiscasset, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,483 (100%) |
| Owner Occupied HU | 1,636 (65.9%) |
| Renter Occupied HU | 421 (17.0%) |
| Vacant Housing Units | 426 (17.2%) |
| Median Home Value | $340,434 |
| Average Home Value | $407,550 |
Housing Distribution
Address Breakdown
Residential
1,997
Single Family
1,973
Multi-Family
24
Businesses
160
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Cromwell Coastal Properties
Mls Name: Maine Listings
Mls ID: #1603561