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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Phippsburg at 2 Round Cove Lane UNIT 2, Phippsburg, ME, 04562 priced at $599,000 converts $2,870/mo rent into after a $2,932/mo obligation. Total monthly income equals $2,870/mo. Return on cash invested prints 11.4% in year one, and rental yield reads 5.75% against a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation compiles into $165,493 by year five. Five-year ROI reaches 58.46% and total cumulative return in cash sums $115,210. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,870/mo property income covering a $2,932/mo payment, not borrower’s personal income.
Condo
Built in 1998
0.29 Acres lot
$N/A/sqft
$512 monthly HOA
Neighborhood data shown for ZIP Code: 04562, Phippsburg, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,837 (100%) |
| Owner Occupied HU | 897 (48.8%) |
| Renter Occupied HU | 106 ( 5.8%) |
| Vacant Housing Units | 834 (45.4%) |
| Median Home Value | $443,333 |
| Average Home Value | $508,138 |
Residential
1,010
Single Family
1,010
Multi-Family
0
Businesses
39
Date | Event | Price |
|---|---|---|
| 2025-05-23 | Listed for sale | $599,000 |
| 2017-09-14 | Sold | $335,000 |
| 2013-04-25 | Sold | $280,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: N/A • RE/MAX Riverside
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1623832
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
