16 Townley DriveDamariscottaME04543
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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 Damariscotta at 16 Townley Drive, Damariscotta, ME, 04543 priced at $1,365,000 converts $3,594/mo rent into after a $6,681/mo obligation. Total monthly income equals $3,594/mo. Return on cash invested prints 6.75% in year one, and rental yield reads 3.16% against a $1,365,000 entry. Equity gained on principal adds $8,808/yr, while 5% annual appreciation compiles into $377,124 by year five. Five-year ROI reaches 32.33% and total cumulative return in cash sums $142,991. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,594/mo property income covering a $6,681/mo payment, not borrower’s personal income.
Single Family
Built in 1998
14.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04543, Damariscotta, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,456 (100%) |
| Owner Occupied HU | 788 (54.1%) |
| Renter Occupied HU | 372 (25.5%) |
| Vacant Housing Units | 296 (20.3%) |
| Median Home Value | $372,052 |
| Average Home Value | $444,632 |
Housing Distribution
Address Breakdown
Residential
876
Single Family
740
Multi-Family
136
Businesses
259
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Listed by: N/A • Drum & Drum Real Estate Inc.
Mls Name: Maine Listings
Mls ID: #1642647