2 Sunset LookoutBoothbay HarborME04538
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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
Investment Highlights
Investment property for sale in Boothbay Harbor at 2 Sunset Lookout, Boothbay Harbor, ME, 04538 uses $64,643 cash to close to unlock $5,901/yr annual cash flow and $492/mo monthly cash flow. Total monthly income runs $1,822/mo, and a $954/mo payment keeps the spread at $492/mo. Purchase price stands at $195,000, and rental yield measures 11.21% with $1,822/mo rent. Return on cash invested shows 29.04% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 152.65% and total cumulative return in cash records $98,674. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,822/mo property income covering a $954/mo payment rather than investor’s personal income.
Lot
Built in N/A
0.42 Acres lot
$N/A/sqft
$1,200 annually 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
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Listed by: N/A • Kre Brokerage Group
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1591296
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. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782