1807 Harpswell Islands RoadOrrs IslandME04066
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 1807 Harpswell Islands Road, Orrs Island, ME, 04066 in Orrs Island is listed at $400,000 and delivers $3,270/mo in rent and $746/mo in net monthly cash flow. The 9.81% yield and 1.82 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $110,513 over five years, and $3,684/yr in principal reduction supplements cash return. Total projected cumulative return: $199,870.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 5.0% |
| Monthly Cash Flow | $746 | $1,200 |
City averages based on Orrs Island market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,270 |
| Total Monthly Debt Service | $2,365 |
| DSCR Ratio | 1.38x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1890
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04066, Orrs Island, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 541 (100%) |
| Owner Occupied HU | 242 (44.7%) |
| Renter Occupied HU | 45 ( 8.3%) |
| Vacant Housing Units | 254 (47.0%) |
| Median Home Value | $719,101 |
| Average Home Value | $1,039,514 |
Housing Distribution
Address Breakdown
Residential
359
Single Family
359
Multi-Family
0
Businesses
23
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
Single Family
Built in 1890
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04066, Orrs Island, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 541 (100%) |
| Owner Occupied HU | 242 (44.7%) |
| Renter Occupied HU | 45 ( 8.3%) |
| Vacant Housing Units | 254 (47.0%) |
| Median Home Value | $719,101 |
| Average Home Value | $1,039,514 |
Housing Distribution
Address Breakdown
Residential
359
Single Family
359
Multi-Family
0
Businesses
23
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Maine Listings
Mls ID: #1663597