24 Ballantyne Drive #0ScarboroughME04074
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
Investment Highlights
Investment property for sale in Scarborough at 24 Ballantyne Drive #0, Scarborough, ME, 04074 at $515,000 posts ROI 21.84% with $251/mo cash flow from $3,671/mo rent. Total monthly income equals $3,671/mo, and annual cash flow records $3,017/yr on $169,435 to close. Return on cash invested measures 21.84% and rental yield reads 8.55% at the current $515,000. Equity gained on principal adds $3,323/yr, and 5% annual appreciation supports $142,285 by year five. Five-year ROI prints 113.77% and total cumulative return in cash totals $192,769.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,671/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2015
3,920 sqft lot
$N/A/sqft
$169 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
10,395
Single Family
9,453
Multi-Family
942
Businesses
910
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Listed by: N/A • Gardner Real Estate Group
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1633510
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