200 Main Street, Wiscasset, ME, 04578 | 6.01% Rental Yield

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200 Main Street, Wiscasset, ME, 04578 | 6.01% Rental Yield | Ziffy

For Sale

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

Investment property for sale in Wiscasset at 200 Main Street, Wiscasset, ME, 04578 listed at $425,000 pairs $2,130/mo rent with a $2,080/mo payment. Total monthly income runs $2,130/mo. Return on cash invested measures 15.21% in year one, and rental yield registers 6.01% at a $425,000 basis. Equity gained on principal adds $2,742/yr, and annual property appreciation at 5% supports $117,420 by year five. Five-year ROI tracks 77.78% and total cumulative return in cash totals $109,589. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,130/mo property income relative to a $2,080/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1896

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming 3-bedroom Cape located in the heart of Wiscasset, just steps from shops, restaurants, and the vibrant town center. Enjoy summer concerts right from your front porch or relax on the sunny back porch surrounded by natural light from the many windows. The home features beautiful hardwood floors, with the seller believing additional hardwood lies beneath the carpeting. A third-floor bedroom offers a lovely water view, adding to the home's character and potential. With a little vision, you can restore this property to its original glory and make it truly shine. Perfectly situated to explore Maine's coast, you're only 20 minutes to Boothbay Harbor and within 45 minutes of Rockland, Camden, and Popham Beach State Park. A unique opportunity to own a home in one of Maine's most picturesque villages.

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