16/28 Blodgett LaneBar 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 16/28 Blodgett Lane, Bar Harbor, ME, 04609 listed at $1,100,000 pairs $6,041/mo rent with a $5,384/mo payment. Total monthly income runs $6,041/mo. Return on cash invested measures 17.34% in year one, and rental yield registers 6.59% at a $1,100,000 basis. Equity gained on principal adds $7,098/yr, and annual property appreciation at 5% supports $303,910 by year five. Five-year ROI tracks 89.1% and total cumulative return in cash totals $317,563. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,041/mo property income relative to a $5,384/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1992
3.45 Acres 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 • The Knowles Company
Mls Name: Maine Listings
Mls ID: #1631358