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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in South Berwick at 22 Spillanes Hill, South Berwick, ME, 03908 with 5% annual appreciation on a $425,000 basis while $2,761/mo rent supports operations. Total monthly income totals $2,761/mo and a $2,080/mo payment preserves $79/mo for cash returns. Annual cash flow comes to $947/yr on $140,888 deployed, and return on cash invested reaches 20.58% in year one. Equity gained on principal adds $2,742/yr, and five-year appreciation sums $117,420 alongside rental yield of 7.8%. Five-year ROI measures 106.6% and total cumulative return in cash totals $150,185.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,761/mo property income versus a $2,080/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1862
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 03908, South Berwick, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,137 (100%) |
| Owner Occupied HU | 2,413 (76.9%) |
| Renter Occupied HU | 619 (19.7%) |
| Vacant Housing Units | 105 ( 3.3%) |
| Median Home Value | $457,853 |
| Average Home Value | $487,165 |
Residential
3,053
Single Family
2,856
Multi-Family
197
Businesses
168
Date | Event | Price |
|---|---|---|
| 2025-10-07 | Pending sale | $439,900 |
| 2025-10-06 | Sold | $425,000 |
| 2025-09-07 | Contingent | $439,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-16 | $4142.00 | N/A | $296,700 | N/A |
| 2023-10-16 | $4142.00 | 16.64% | $296,700 | 21.50% |
| 2022-10-16 | $3551.00 | 3.20% | $244,200 | 10.30% |
Listed by: N/A • Red Post Realty, LLC
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1634317
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
