16 Millbrook-Northeast Harbor RoadNortheast HarborME04662
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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 Northeast Harbor at 16 Millbrook-Northeast Harbor Road, Northeast Harbor, ME, 04662 with 5% annual appreciation on a $849,000 basis while $0/mo rent supports operations. 96% in year one. Equity gained on principal adds $5,478/yr, and five-year appreciation sums $234,563 alongside rental yield of 0%. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $0/mo property income versus a $4,155/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1935
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04662, Northeast Harbor, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 540 (100%) |
| Owner Occupied HU | 166 (30.7%) |
| Renter Occupied HU | 48 ( 8.9%) |
| Vacant Housing Units | 326 (60.4%) |
| Median Home Value | $573,718 |
| Average Home Value | $663,765 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
86
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Listed by: N/A • The Knowles Company
Mls Name: Maine Listings
Mls ID: #1642498