17 Market StreetNorth BerwickME03906
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 North Berwick at 17 Market Street, North Berwick, ME, 03906 with 5% annual appreciation on a $469,000 basis while $3,480/mo rent supports operations. Total monthly income totals $3,480/mo and a $2,296/mo payment preserves $520/mo for cash returns. Annual cash flow comes to $6,235/yr on $155,474 deployed, and return on cash invested reaches 23.92% in year one. Equity gained on principal adds $3,026/yr, and five-year appreciation sums $129,576 alongside rental yield of 8.9%. Five-year ROI measures 124.51% and total cumulative return in cash totals $193,579.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,480/mo property income versus a $2,296/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03906, North Berwick, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,228 (100%) |
| Owner Occupied HU | 1,733 (77.8%) |
| Renter Occupied HU | 357 (16.0%) |
| Vacant Housing Units | 138 ( 6.2%) |
| Median Home Value | $453,463 |
| Average Home Value | $469,577 |
Housing Distribution
Address Breakdown
Residential
1,882
Single Family
1,832
Multi-Family
50
Businesses
107
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Real Broker
Mls Name: Maine Listings
Mls ID: #1640756