23 Meader Street, North Berwick, ME, 03906 | $774/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

23 Meader Street, North Berwick, ME, 03906 | $774/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1444 sft

10 Ashleigh Way, Rochester, NH, 03867

2 Bed
2 Bath
1884 sft

48 Three Ponds Drive, Brentwood, NH, 03833

2 Bed
3 Bath
2201 sft

54 Three Ponds Dr #54, Exeter, NH, 03833

2 Bed
3 Bath
2566 sft

11 Three Ponds Drive, Brentwood, NH, 03833

Nearby investment properties with comparable prices

3 Bed
1 Bath
1040 sft

2 Guy Street, Somersworth, NH, 03878

3 Bed
1 Bath
1224 sft

105 Maple Street, Rochester, NH, 03867

2 Bed
2 Bath
1004 sft

10 Richardson Street, Rochester, NH, 03867

3 Bed
1 Bath
1042 sft

711 Scruton Pond Road, Barrington, NH, 03825

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in North Berwick at 23 Meader Street, North Berwick, ME, 03906 listed at $349,999 pairs $2,983/mo rent with a $1,713/mo payment to leave $774/mo cash flow. Total monthly income runs $2,983/mo, and annual cash flow reaches $9,290/yr on $116,025 cash to close. Return on cash invested measures 27.92% in year one, and rental yield registers 10.23% at a $349,999 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,698 by year five. Five-year ROI tracks 145.96% and total cumulative return in cash totals $169,346. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,983/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1880

0.28 Acres lot

$N/A/sqft

No HOA

More details about the property

Tucked away at the end of a quiet little street, this classic 1880 New Englander is brimming with stories to tell and beauty to share. Step inside and you'll be greeted by the warmth of hardwood floors, original walnut woodwork, and handsome moldings that whisper of another era. Every room invites you to slow down, dream big, and imagine the possibilities of your life unfolding here. A first floor layout that's warm and inviting still gives an open layout between kitchen and dining spaces. Three well portioned bedrooms and full bath finish off the upstairs. Outside, an endearing 22x50 barn stands ready for its next chapterwhether it's a workshop, studio, or a space to tinker and create. Nearby, a delightful 14x16 gardener's shed awaits, perfect for potting plants or simply enjoying a quiet moment among the flowers. Peaceful, full of character, and rich with potential, this New Englander is a piece of history waiting for someone to love it again.

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