2 Ready Point Road, Wiscasset, ME, 04578 | $225/mo Cash Flow

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2 Ready Point Road, Wiscasset, ME, 04578 | $225/mo Cash Flow | Ziffy

For Sale

Fix & Flip

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

Rental property for sale in Wiscasset at 2 Ready Point Road, Wiscasset, ME, 04578 priced at $185,000 converts $1,392/mo rent into $225/mo cash flow after a $905/mo obligation. Total monthly income equals $1,392/mo, and annual cash flow totals $2,699/yr on $61,328 invested. Return on cash invested prints 24.31% in year one, and rental yield reads 9.03% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 126.58% and total cumulative return in cash sums $77,631. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,392/mo property income covering a $905/mo payment, not borrower’s personal income.

Single Family

Built in 1970

1.01 Acres lot

$N/A/sqft

No HOA

More details about the property

Lots of upside potential for the savvy investor or homeowner looking for a project to build sweat equity. This ranch style home with 2 bedrooms, 1 full bath and a detached 2 car garage is in need of a complete renovation but well worth the effort. Great location and easy access to Route 1 for commuting to points either north or south of Wiscasset. The Chewonki Eaton Farm preserve which encompasses a 200 acre parcel with miles of walking trails is just a mile down Ready Point Road and there is even a public boat launch also less than a mile down Old Ferry Road. Come take a look today! Showings start 11/19

Neighborhood Data

Neighborhood data shown for ZIP Code: 04578, Wiscasset, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,483 (100%)
Owner Occupied HU	1,636 (65.9%)
Renter Occupied HU	421 (17.0%)
Vacant Housing Units	426 (17.2%)
Median Home Value	$340,434
Average Home Value	$407,550