17 Cedar Bend #17, Boothbay, ME, 04537 | $198/mo Cash Flow

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17 Cedar Bend #17, Boothbay, ME, 04537 | $198/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 Boothbay at 17 Cedar Bend #17, Boothbay, ME, 04537 uses $109,395 cash to close to unlock $2,370/yr annual cash flow and $198/mo monthly cash flow. Total monthly income runs $2,280/mo, and a $1,615/mo payment keeps the spread at $198/mo. Purchase price stands at $330,000, and rental yield measures 8.29% with $2,280/mo rent. Return on cash invested shows 22.08% in year one, and 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 114.63% and total cumulative return in cash records $125,399. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,280/mo property income covering a $1,615/mo payment rather than investor’s personal income.

Condo

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

Model unit now available to tour! The Boothbay Regional Development Corporation is building 20 new townhome condominiums in the heart of the peninsula. These homes are only available to income-eligible buyers. Each home will be priced individually to be affordable to households making no more than 120 o/o of the Area Median Income. Please see pricing sheet in photos for details. These homes feature two bedrooms, one and a half baths, and an open-concept living/dining/kitchen area. Each home has a private outdoor area and parking for 1+ cars in a shared lot. Constructed with energy efficiency and affordable maintenance in mind, these homes will be ready for occupancy around Labor Day of 2025. To learn more about qualifying, schedule a showing today!