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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in North Berwick at 15 Pheasant Hill Drive UNIT B, North Berwick, ME, 03906 priced at $319,000 pairs $2,845/mo rent with $318/mo cash flow after a $1,561/mo payment. Total monthly income equals $2,845/mo, and annual cash flow comes to $3,817/yr on $105,749 invested. Return on cash invested is 23.52% in year one, and rental yield stands at 10.7% on a $319,000 basis. Equity gained on principal adds $2,058/yr, and 5% annual appreciation accumulates to $88,134 by year five. Five-year ROI measures 124.52% and total cumulative return in cash reaches $131,677. For financing, Ziffy Mortgage’s DSCR program evaluates $2,845/mo property income against a $1,561/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1987
N/A lot
$N/A/sqft
$514 monthly HOA
Neighborhood data shown for ZIP Code: 03906, North Berwick, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,228 (100%) |
| Owner Occupied HU | 1,733 (77.8%) |
| Renter Occupied HU | 357 (16.0%) |
| Vacant Housing Units | 138 ( 6.2%) |
| Median Home Value | $453,463 |
| Average Home Value | $469,577 |
Residential
1,882
Single Family
1,832
Multi-Family
50
Businesses
107
Date | Event | Price |
|---|---|---|
| 2025-04-10 | Price change | $319,000 |
| 2025-03-31 | Listed for sale | $339,000 |
| 2012-12-07 | Listing removed | $135,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-14 | $2199.00 | N/A | $204,600 | N/A |
| 2023-04-14 | $2199.00 | 22.85% | $204,600 | 27.48% |
| 2022-04-14 | $1790.00 | 3.89% | $160,500 | 1.52% |
Listed by: N/A • Keller Williams Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1617468
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. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
