220 Atlantic Avenue, Boothbay Harbor, ME, 04538 | $962/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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220 Atlantic Avenue, Boothbay Harbor, ME, 04538 | $962/mo Cash Flow | 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 Boothbay Harbor at 220 Atlantic Avenue, Boothbay Harbor, ME, 04538 offers a 10.61% rental yield on a $380,000 purchase with $3,360/mo rent. Total monthly income registers $3,360/mo, and a $1,860/mo payment leaves $962/mo available for distribution. Annual cash flow reaches $11,540/yr on $125,970 to close, and return on cash invested stands at 29.07% in year one. Equity gained on principal adds $2,452/yr while 5% annual appreciation supports $104,987 over five years. Portfolio math shows five-year ROI at 152.13% and total cumulative return in cash at $191,641. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,360/mo property income against a $1,860/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1900

8,276 sqft lot

$N/A/sqft

No HOA

More details about the property

Nestled near the iconic Spruce Point Inn and scenic walking trails, this charming two-bedroom home offers the perfect blend of coastal character and modern convenience. Thoughtfully updated and nearly fully furnished, it presents an excellent opportunity as a turnkey income property or an easy, low-maintenance retreat. Recent upgrades include a new roof, high-efficiency boiler and hot water heater, updated electrical system, new sump pump, and a fresh exterior paint job completed in 2024. Inside, natural light pours into every room, complemented by a cozy new propane stove with a stainless steel flueperfect for cool Maine evenings. Located just minutes from downtown Boothbay Harbor, you'll enjoy quick access to restaurants, shops, and waterfront attractions. Whether you're looking for a primary residence, seasonal getaway, or investment property, this sun-filled home is move-in ready and full of potential.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04538, Boothbay Harbor, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,057 (100%)
Owner Occupied HU	692 (33.6%)
Renter Occupied HU	331 (16.1%)
Vacant Housing Units	1,034 (50.3%)
Median Home Value	$456,164
Average Home Value	$625,040