16 1st South StreetBar HarborME04609
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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
Investment Highlights
Investment property for sale in Bar Harbor at 16 1st South Street, Bar Harbor, ME, 04609 with 5% annual appreciation on a $1,298,000 basis while $6,901/mo rent supports operations. 69% in year one. Equity gained on principal adds $8,376/yr, and five-year appreciation sums $358,613 alongside rental yield of 6.38%. Five-year ROI measures 85.64% and total cumulative return in cash totals $360,143. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,901/mo property income versus a $6,353/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 2006
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04609, Bar Harbor, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,179 (100%) |
| Owner Occupied HU | 1,735 (41.5%) |
| Renter Occupied HU | 903 (21.6%) |
| Vacant Housing Units | 1,541 (36.9%) |
| Median Home Value | $507,924 |
| Average Home Value | $582,997 |
Housing Distribution
Address Breakdown
Residential
2,811
Single Family
2,559
Multi-Family
252
Businesses
446
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Listed by: N/A • Acadia Cornerstone Real Estate, LLC
Mls Name: Maine Listings
Mls ID: #1648656