2 McFarland Point Drive #35Boothbay HarborME04538
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
Rental property for sale in Boothbay Harbor at 2 McFarland Point Drive #35, Boothbay Harbor, ME, 04538 priced at $548,500 converts $2,630/mo rent into after a $2,685/mo obligation. Total monthly income equals $2,630/mo. Return on cash invested prints 12.01% in year one, and rental yield reads 5.75% against a $548,500 entry. Equity gained on principal adds $3,539/yr, while 5% annual appreciation compiles into $151,540 by year five. Five-year ROI reaches 61.5% and total cumulative return in cash sums $110,983. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,630/mo property income covering a $2,685/mo payment, not borrower’s personal income.
Condo
Built in 1986
5 Acres lot
$N/A/sqft
$1,137 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04538, Boothbay Harbor, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,057 (100%) |
| Owner Occupied HU | 692 (33.6%) |
| Renter Occupied HU | 331 (16.1%) |
| Vacant Housing Units | 1,034 (50.3%) |
| Median Home Value | $456,164 |
| Average Home Value | $625,040 |
Housing Distribution
Address Breakdown
Residential
1,119
Single Family
1,042
Multi-Family
77
Businesses
217
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Tindal & Callahan Real Estate
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1631422
Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782