16 Merrifield Drive, Kennebunk, ME, 04043 | $186/mo Cash Flow

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16 Merrifield Drive, Kennebunk, ME, 04043 | $186/mo Cash Flow | Ziffy

For Sale

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

Investment property for sale in Kennebunk at 16 Merrifield Drive, Kennebunk, ME, 04043 listed at $535,000 pairs $3,563/mo rent with a $2,619/mo payment to leave $186/mo cash flow. Total monthly income runs $3,563/mo, and annual cash flow reaches $2,233/yr on $176,015 cash to close. Return on cash invested measures 21.33% in year one, and rental yield registers 7.99% at a $535,000 basis. Equity gained on principal adds $3,452/yr, and annual property appreciation at 5% supports $147,811 by year five. Five-year ROI tracks 110.61% and total cumulative return in cash totals $194,692. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,563/mo property income relative to a $2,619/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1977

0.53 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming 3-bedroom, 2-bath ranch nestled in the highly desirable town of Kennebunk! Featuring a unique brick exterior and an attached oversized 1-car garage, this home sits on a spacious, level lot of over half an acre. Step inside from the garage and enjoy the open layoutperfect for flexible living and effortless entertaining. A sun-soaked 3-season porch overlooks the generous backyard, offering a relaxing spot to enjoy morning coffee or unwind after a long day. The home provides true one-floor living with a first-floor laundry room, 3 comfortable bedrooms, and 2 full baths. The large, open basement offers great storage or potential for future finishing. Sidewalks start right at your driveway, making it easy to stroll into downtown Kennebunk and enjoy all the charm this sought-after community has to provide. A fantastic opportunity to make this inviting home your own in one of Maine's most loved towns!