232 Atlantic Quarry RoadSpruce HeadME04859
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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
Investment Highlights
Rental property for sale in Spruce Head at 232 Atlantic Quarry Road, Spruce Head, ME, 04859 priced at $795,000 pairs $2,760/mo rent with after a $3,891/mo payment. Total monthly income equals $2,760/mo. Return on cash invested is 9.7% in year one, and rental yield stands at 4.17% on a $795,000 basis. Equity gained on principal adds $5,130/yr, and 5% annual appreciation accumulates to $219,644 by year five. Five-year ROI measures 48.25% and total cumulative return in cash reaches $126,190. For financing, Ziffy Mortgage’s DSCR program evaluates $2,760/mo property income against a $3,891/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1970
1.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04859, Spruce Head, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 525 (100%) |
| Owner Occupied HU | 307 (58.5%) |
| Renter Occupied HU | 28 ( 5.3%) |
| Vacant Housing Units | 190 (36.2%) |
| Median Home Value | $704,167 |
| Average Home Value | $794,902 |
Housing Distribution
Address Breakdown
Residential
271
Single Family
271
Multi-Family
0
Businesses
12
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Listed by: N/A • RE/MAX JARET & COHN
Mls Name: Maine Listings
Mls ID: #1632896