20 Water Street #2LubecME04652
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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 Lubec at 20 Water Street #2, Lubec, ME, 04652 offers a 0% rental yield on a $649,000 purchase with $0/mo rent. 96% in year one. Equity gained on principal adds $4,188/yr while 5% annual appreciation supports $179,307 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $3,177/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1890
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04652, Lubec, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,328 (100%) |
| Owner Occupied HU | 635 (47.8%) |
| Renter Occupied HU | 144 (10.8%) |
| Vacant Housing Units | 549 (41.3%) |
| Median Home Value | $215,046 |
| Average Home Value | $237,472 |
Housing Distribution
Address Breakdown
Residential
903
Single Family
902
Multi-Family
1
Businesses
84
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