184 John Small Road, Chebeague Island, ME, 04017 | Equity Gain $5,969/yr

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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184 John Small Road, Chebeague Island, ME, 04017 | Equity Gain $5,969/yr | 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 Chebeague Island at 184 John Small Road, Chebeague Island, ME, 04017 at $925,000 posts ROI -2.96% with from $0/mo rent. Total monthly income equals $0/mo. Return on cash invested measures -2.96% and rental yield reads 0% at the current $925,000. Equity gained on principal adds $5,969/yr, and 5% annual appreciation supports $255,560 by year five. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $0/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1905

1.38 Acres lot

$N/A/sqft

No HOA

More details about the property

This vintage farmhouse is sited on a generous 1.38-acre lot with 295' of waterfront on the outer shore of Chebeague Island in Casco Bay. Perched at the head of Johnson Cove, this property enjoys ever-changing tidal views in a serene island setting. Enter through a welcoming enclosed porch that overlooks vibrant gardens and the waterfront. The first floor features a large eat-in kitchen, a den with first floor primary potential, a full bath, laundry area, and a living room with expansive windows that frame stunning water views. Classic farmhouse charm includes original front and back staircases that lead to three bedrooms and a second bathroom, partially renovated and ready for your finishing touches. The home has been thoughtfully improved over the past decade, with updates including a newer heating system, siding, roof, a number of newer windows, and a sealed, waterproofed, and insulated basement-making it comfortable and efficient for year-round living. Outside, the deck invites you to relax and enjoy the peaceful coastal surroundings. Additional features include a barn for storage and a tidal 'gunk hole,' allowing for boat access at high tide-perfect for island adventures. Whether you're seeking a serene retreat or a full-time residence, this property offers the best of island living. Chebeague Island is a vibrant year-round community known for its natural beauty and welcoming spirit. Enjoy reliable ferry services from Portland and Yarmouth, a full-service boatyard, beaches, hiking trails, the Chebeague Island Inn with fine dining and stunning sunsets, a 9-hole public golf course, clay tennis courts, a rec center with a heated pool, a community hall, library, caf and gift shop, live music, a year-round market, and more.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04017, Chebeague Island, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	530 (100%)
Owner Occupied HU	173 (32.6%)
Renter Occupied HU	25 ( 4.7%)
Vacant Housing Units	332 (62.6%)
Median Home Value	$841,216
Average Home Value	$1,004,986