21 Hodge StreetWiscassetME04578
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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 Wiscasset at 21 Hodge Street, Wiscasset, ME, 04578 uses $87,516 cash to close to unlock $11,930/yr annual cash flow and $994/mo monthly cash flow. Total monthly income runs $2,764/mo, and a $1,292/mo payment keeps the spread at $994/mo. Purchase price stands at $264,000, and rental yield measures 12.56% with $2,764/mo rent. Return on cash invested shows 33.54% in year one, and 5% annual appreciation builds toward $72,938 over five years. Five-year ROI reaches 176.66% and total cumulative return in cash records $154,609. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,764/mo property income covering a $1,292/mo payment rather than investor’s personal income.
Multi Family
Built in 1850
0.30 Acres lot
$N/A/sqft
No HOA
More details about the property
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 |
Housing Distribution
Address Breakdown
Residential
1,997
Single Family
1,973
Multi-Family
24
Businesses
160
Price History
Date | Event | Price |
|---|---|---|
| 2025-08-21 | Listing removed | $625,000 |
| 2025-08-12 | Listed for sale | $625,000 |
| 2023-01-13 | Sold | $264,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-14 | $4679.00 | N/A | $274,400 | N/A |
| 2023-10-14 | $4679.00 | 6.15% | $274,400 | 25.01% |
| 2022-10-14 | $4408.00 | -0.18% | $219,500 | N/A |
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Facts & Features
General Information
- Type: MultiFamily
- Year Built: 1850
- Architectural Style: Other,Federal
- Building Area: 2,000
- Living Area: 2,000 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Radiator
- Cooling: None
- Flooring: Wood, Other, Laminate
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Gravel, On Site
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Utilities On
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Paved
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: N/A • Peninsula Properties
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1550948
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