23 U.S. Rte 1, Scarborough, ME, 04074 | $6,924/mo Cash Flow

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23 U.S. Rte 1, Scarborough, ME, 04074 | $6,924/mo Cash Flow | Ziffy

Pending

Fix & Flip

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 Scarborough at 23 U.S. Rte 1, Scarborough, ME, 04074 listed at $485,000 pairs $9,985/mo rent with a $2,374/mo payment to leave $6,924/mo cash flow. Total monthly income runs $9,985/mo, and annual cash flow reaches $83,087/yr on $160,778 cash to close. Return on cash invested measures 71.59% in year one, and rental yield registers 24.71% at a $485,000 basis. Equity gained on principal adds $3,130/yr, and annual property appreciation at 5% supports $133,997 by year five. Five-year ROI tracks 380.11% and total cumulative return in cash totals $611,138. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $9,985/mo property income relative to a $2,374/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1903

0.50 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this Scarborough classic, a 5-bedroom, 3-bath home brimming with character and possibility. Set on a half-acre lot with an expansive yard and a two-car attached garage, this property offers a blend of historic charm and space to create your vision. Inside, natural light filters through updated windows, illuminating built-ins and architectural details that speak to the home's history. The enclosed porch invites you to slow down and savor quiet moments, while the third-floor finished bonus space adds flexibility for hobbies, work, or play. With so many rooms and thoughtful features throughout, this home provides a canvas ready for your personal touch. While cosmetic updates will help bring out its full potential, many important improvements have already been completedincluding a new roof, gutters, windows and exterior paintso you can focus on designing and updating the spaces that matter most to you. Think of it as built-in equity disguised as DIY projects. Outside, the large yard offers room for gatherings, gardens, or simply enjoying the open air. Located close to Scarborough's shopping and dining options, with convenient access to the coast and just minutes from downtown Portland, the setting balances everyday convenience with coastal living. This home is more than just a propertyit's an opportunity to bring new life to a historic residence in one of Maine's most desirable towns.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04074, Scarborough, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,980 (100%)
Owner Occupied HU	7,257 (66.1%)
Renter Occupied HU	2,431 (22.1%)
Vacant Housing Units	1,292 (11.8%)
Median Home Value	$610,244
Average Home Value	$700,977