20 Jones Creek Drive UNIT A, Scarborough, ME, 04074 | 6.8% Rental Yield

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20 Jones Creek Drive UNIT A, Scarborough, ME, 04074 | 6.8% Rental Yield | Ziffy

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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

Total monthly income runs $2,350/mo, and a $2,031/mo payment. Purchase price stands at $415,000, and rental yield measures 6.8% with $2,350/mo rent. Return on cash invested shows 17.13% in year one, and 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 88.26% and total cumulative return in cash records $121,425. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,350/mo property income covering a $2,031/mo payment rather than investor’s personal income.

Condo

Built in 1900

8,712 sqft lot

$N/A/sqft

$50 monthly HOA

More details about the property

This delightful year-round seaside cottage located in Pine Point is a perfect escape from the hustle and bustle of daily life. ''20 Jones'' is only a short walk to 7 miles of beautiful beaches, delicious restaurants, a myriad of water activities, and a 20 minute drive to Portland. Recently updated with new appliances, heat pumps and upgraded electrical system just to name a few. The property has a strong, income producing rental history for those who are seeking a beach-side rental property. This cottage is turn-key and ready to be enjoyed. Home will be sold fully furnished.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04074, Scarborough, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,980 (100%)
Owner Occupied HU	7,257 (66.1%)
Renter Occupied HU	2,431 (22.1%)
Vacant Housing Units	1,292 (11.8%)
Median Home Value	$610,244
Average Home Value	$700,977

Housing Distribution

Address Breakdown

Residential

10,395

Single Family

9,453

Multi-Family

942

Businesses

910

Price History

Date	Event	Price
2024-10-29	Price change	$415,000
2024-09-17	Price change	$425,000
2024-08-23	Listed for sale	$449,000

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
2022-11-11	$4009.00	N/A	$260,500	N/A

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792 sft

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1 Bed
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924 sft

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3 Bed
2 Bath
1280 sft

167 Campground Road, Arundel, ME, 04046

2 Bed
1 Bath
576 sft

1627 Post Road #13, Wells, ME, 04090

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3 Bed
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1310 sft

192 Cleaves Street, Biddeford, ME, 04005

3 Bed
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1564 sft

28 Brunelle Avenue, Sanford, ME, 04073

2 Bed
1 Bath
1182 sft

28 Smithwheel Road, Old Orchard Beach, ME, 04064

2 Bed
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798 sft

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Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Condo
Year Built: 1900
Architectural Style: Cottage,Bungalow
Building Area: 639
Living Area: 639 sqft
Property Condition: N/A

Features & Amenities

Heating: Heat Pump, Direct Vent Heater
Cooling: Heat Pump
Flooring: N/A
Interior Features: 1st Floor Bedroom, One-Floor Living
Exterior Features: N/A
Parking Features: 1 - 4 Spaces, Gravel

Location

City: Scarborough
State: ME
Subdivision: N/A
Lot Size: 8,712 sqft
Lot Features: Level, Open Lot, Landscaped, Abuts Conservation, Near Public Beach
View: N/A

HOA & Fees

HOA Fee: $50 monthly
Association Fee: $50 monthly
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: N/A
Sewer: Public Sewer
Water Source: Public
Road Surface Type: N/A

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: N/A • Signature Homes Real Estate Group, LLC

Mls Name: Maine Listings

Mls Provider: Mls

Mls ID: #1601177

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

20 Jones Creek Drive UNIT A,Scarborough,ME,04074

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

20 Jones Creek Drive UNIT AScarboroughME04074