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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 Kittery at 23 Francis Way #5, Kittery, ME, 03904 uses $124,313 cash to close to unlock $9,741/yr annual cash flow and $812/mo monthly cash flow. Total monthly income runs $3,418/mo, and a $1,835/mo payment keeps the spread at $812/mo. Purchase price stands at $375,000, and rental yield measures 10.94% with $3,418/mo rent. Return on cash invested shows 27.74% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 145.86% and total cumulative return in cash records $181,323. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,418/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
$240 monthly HOA
Neighborhood data shown for ZIP Code: 03904, Kittery, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,413 (100%) |
| Owner Occupied HU | 2,410 (54.6%) |
| Renter Occupied HU | 1,466 (33.2%) |
| Vacant Housing Units | 537 (12.2%) |
| Median Home Value | $553,355 |
| Average Home Value | $593,606 |
Residential
4,022
Single Family
3,639
Multi-Family
383
Businesses
437
Date | Event | Price |
|---|---|---|
| 2025-06-10 | Sold | $375,000 |
| 2025-06-10 | Pending sale | $375,000 |
| 2025-06-03 | Contingent | $375,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-11 | $3045.00 | N/A | $223,700 | N/A |
| 2023-10-11 | $3045.00 | 1.00% | $223,700 | N/A |
| 2022-10-11 | $3015.00 | 4.29% | $223,700 | 0.58% |
Listed by: N/A • RE/MAX Realty One
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1621177
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
