1708 State Road, Eliot, ME, 03903 | $639/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1708 State Road, Eliot, ME, 03903 | $639/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 Eliot at 1708 State Road, Eliot, ME, 03903 listed at $489,000 pairs $3,725/mo rent with a $2,393/mo payment to leave $639/mo cash flow. Total monthly income runs $3,725/mo, and annual cash flow reaches $7,671/yr on $162,104 cash to close. Return on cash invested measures 24.64% in year one, and rental yield registers 9.14% at a $489,000 basis. Equity gained on principal adds $3,155/yr, and annual property appreciation at 5% supports $135,102 by year five. Five-year ROI tracks 128.39% and total cumulative return in cash totals $208,126. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,725/mo property income relative to a $2,393/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1980

1.25 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 1708 State Rd a charming contemporary home ready to be the setting for your next chapter. This inviting 4-bedroom, 2.5-bath residence combines custom craftsmanship with a thoughtful layout designed for comfort and connection. Step into the custom kitchen, featuring rich walnut wood cabinetry, gleaming granite countertops, a deep hammered copper farmhouse sink, and a spacious pantry perfect for everyday living and entertaining. The counter height has been uniquely raised four inches above the industry standard, offering an ideal working height for taller individuals. An open-concept dining and living area creates a bright, welcoming space for gatherings, while upstairs you'll find four well-proportioned bedrooms. The primary suite includes its own ensuite bath for added privacy and convenience. One bedroom is currently utilized as a laundry room, adding versatility to the layout. The walk-out basement remains mostly unfinished but has long served as a playful retreat for kids offering endless potential for future customization. While this home could benefit from a few updates, its solid design, character, and functional spaces make it an excellent opportunity to create your dream home.

Neighborhood Data

Neighborhood data shown for ZIP Code: 03903, Eliot, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,085 (100%)
Owner Occupied HU	2,494 (80.8%)
Renter Occupied HU	419 (13.6%)
Vacant Housing Units	172 ( 5.6%)
Median Home Value	$606,849
Average Home Value	$638,798