2 Golden Grove Ln, Freeport, ME, 04032 | $125/mo Cash Flow

For Sale

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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

Rental property for sale in Freeport at 2 Golden Grove Ln, Freeport, ME, 04032 priced at $237,500 pairs $1,623/mo rent with $125/mo cash flow after a $1,162/mo payment. Total monthly income equals $1,623/mo, and annual cash flow comes to $1,494/yr on $78,731 invested. Return on cash invested is 21.81% in year one, and rental yield stands at 8.2% on a $237,500 basis. Equity gained on principal adds $1,533/yr, and 5% annual appreciation accumulates to $65,617 by year five. Five-year ROI measures 113.2% and total cumulative return in cash reaches $89,121. For financing, Ziffy Mortgage’s DSCR program evaluates $1,623/mo property income against a $1,162/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

The above stated price is the tax assessed value and a place holder only. The lender reserves the right to bid at the auction. - Real Estate Foreclosure Auction 25-96 - 3-BR Cape Style Home - 1.5+/- Ac. - 2 Golden Grove Lane, Freeport, Maine - Wednesday, August 20, 2025 at 1PM - Real Estate: Consists of a 1.5+/- acre parcel with 225+/- ft. on Wardtown Rd. Improving the site is a circa 1955 cape style home (1,452+/-SF). The home is improved with 7-rooms, including a kitchen with center island, dining area, living room with fireplace, 3-bedrooms, 2-baths, farmers porch and an attached 2-car garage. Reference Tax Map 17, Lot 50G. - Preview: Monday, August 4, 2025 from 2-3PM - Buyer's Broker Participation Program Available. Contact Auctioneer's Office for Qualifications. - Terms: A $5,000 deposit (nonrefundable as to highest bidder) in CASH or CERTIFIED U.S. FUNDS, made payable to Demerle & Associates, P.C. (deposited with the Auctioneer as a qualification to bid), with balance due and payable within 30 days from date of auction. The property will be sold by public auction subject to all outstanding municipal assessments. Conveyance of the property will be by release deed. All other terms will be announced at the public sale. For a Property Information Package contact the auctioneers office and request by auction #25-96 Richard J. Keenan #236. Our 53rd Year and 8,791st Auction.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04032, Freeport, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,124 (100%)
Owner Occupied HU	3,053 (74.0%)
Renter Occupied HU	685 (16.6%)
Vacant Housing Units	386 ( 9.4%)
Median Home Value	$638,488
Average Home Value	$737,943