159 Mechanic Street, Camden, ME, 04843 | $1,139/mo Cash Flow

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159 Mechanic Street, Camden, ME, 04843 | $1,139/mo Cash Flow | Ziffy

For Sale

Fix & Flip

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

Rental property for sale in Camden at 159 Mechanic Street, Camden, ME, 04843 offers $3,979/mo rent that, after a $2,203/mo payment, leaves $1,139/mo cash flow. Total monthly income is $3,979/mo, and annual cash flow is $13,662/yr on $149,175 cash. Return on cash invested measures 29.07% in year one, and rental yield stands at 10.61% at a $450,000 entry. Equity gained on principal adds $2,904/yr while 5% annual appreciation compounds into $124,327 by year five. Five-year ROI records 152.12% and total cumulative return in cash reaches $226,926. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,979/mo property income versus a $2,203/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1820

2.10 Acres lot

$N/A/sqft

No HOA

More details about the property

Discover a rare opportunity in Camden! This sprawling 2.10 +/- acre property offers the chance to bring your imagination and creativity to life. While it needs significant renovation and will not conventionally finance, this private property is perfectly situated near downtown, shopping, and the picturesque Camden village harbor. Ideal for investors or future homeowners seeking long-term equity gain, this property has many unfinished projects awaiting your thoughtful sweat equity. Don't miss your chance to transform this diamond in the rough into your dream home in a highly desirable location!

Neighborhood Data

Neighborhood data shown for ZIP Code: 04843, Camden, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,422 (100%)
Owner Occupied HU	1,801 (52.6%)
Renter Occupied HU	786 (23.0%)
Vacant Housing Units	835 (24.4%)
Median Home Value	$475,000
Average Home Value	$599,273