16 Long Pond RoadSouthwest HarborME04679
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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
Rental property for sale in Southwest Harbor at 16 Long Pond Road, Southwest Harbor, ME, 04679 priced at $324,500 converts $2,400/mo rent into $352/mo cash flow after a $1,588/mo obligation. Total monthly income equals $2,400/mo, and annual cash flow totals $4,227/yr on $107,572 invested. Return on cash invested prints 23.84% in year one, and rental yield reads 8.88% against a $324,500 entry. Equity gained on principal adds $2,094/yr, while 5% annual appreciation compiles into $89,653 by year five. Five-year ROI reaches 124.1% and total cumulative return in cash sums $133,500. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $1,588/mo payment, not borrower’s personal income.
Single Family
Built in 1976
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04679, Southwest Harbor, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,489 (100%) |
| Owner Occupied HU | 580 (39.0%) |
| Renter Occupied HU | 262 (17.6%) |
| Vacant Housing Units | 647 (43.5%) |
| Median Home Value | $430,804 |
| Average Home Value | $459,922 |
Housing Distribution
Address Breakdown
Residential
423
Single Family
348
Multi-Family
75
Businesses
140
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Listed by: N/A • Quietside Realty
Mls Name: Maine Listings
Mls ID: #1642728