22 Church AvenueNorth BerwickME03906
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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 North Berwick at 22 Church Avenue, North Berwick, ME, 03906 offers a 9.3% rental yield on a $449,000 purchase with $3,480/mo rent. Total monthly income registers $3,480/mo, and a $2,198/mo payment leaves $646/mo available for distribution. Annual cash flow reaches $7,751/yr on $148,844 to close, and return on cash invested stands at 25.12% in year one. Equity gained on principal adds $2,897/yr while 5% annual appreciation supports $124,050 over five years. Portfolio math shows five-year ROI at 130.92% and total cumulative return in cash at $194,860. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,480/mo property income against a $2,198/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03906, North Berwick, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,228 (100%) |
| Owner Occupied HU | 1,733 (77.8%) |
| Renter Occupied HU | 357 (16.0%) |
| Vacant Housing Units | 138 ( 6.2%) |
| Median Home Value | $453,463 |
| Average Home Value | $469,577 |
Housing Distribution
Address Breakdown
Residential
1,882
Single Family
1,832
Multi-Family
50
Businesses
107
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Listed by: N/A • Coldwell Banker Realty
Mls Name: Maine Listings
Mls ID: #1644399