228 Gooseberry Point RoadIslesboroME04848
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 228 Gooseberry Point Road, Islesboro, ME, 04848 in Islesboro. Rental yield 2.41%. At $1,495,000 with 2.41% gross yield, current distributions are modest, but the 5% appreciation rate projects $413,041 in new equity by year five, complemented by $13,769/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.45) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $153,635.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.4% | 5.0% |
| Monthly Cash Flow | $(6,435) | $12,000 |
City averages based on Islesboro market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,000 |
| Total Monthly Debt Service | $8,840 |
| DSCR Ratio | 0.34x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1986
5.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04848, Islesboro, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 838 (100%) |
| Owner Occupied HU | 236 (28.2%) |
| Renter Occupied HU | 39 ( 4.7%) |
| Vacant Housing Units | 563 (67.2%) |
| Median Home Value | $494,118 |
| Average Home Value | $615,180 |
Housing Distribution
Address Breakdown
Residential
332
Single Family
329
Multi-Family
3
Businesses
48
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1986
5.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04848, Islesboro, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 838 (100%) |
| Owner Occupied HU | 236 (28.2%) |
| Renter Occupied HU | 39 ( 4.7%) |
| Vacant Housing Units | 563 (67.2%) |
| Median Home Value | $494,118 |
| Average Home Value | $615,180 |
Housing Distribution
Address Breakdown
Residential
332
Single Family
329
Multi-Family
3
Businesses
48
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Warren Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1619730
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