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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 Arundel at 24 Memory Lane, Arundel, ME, 04046 offers a 9.36% rental yield on a $400,000 purchase with $3,120/mo rent. Total monthly income registers $3,120/mo, and a $1,958/mo payment leaves $595/mo available for distribution. Annual cash flow reaches $7,144/yr on $132,600 to close, and return on cash invested stands at 25.3% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,513 over five years. Portfolio math shows five-year ROI at 131.9% and total cumulative return in cash at $174,904. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,120/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2008
2.01 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 04046, Kennebunkport, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,367 (100%) |
| Owner Occupied HU | 3,207 (59.8%) |
| Renter Occupied HU | 482 ( 9.0%) |
| Vacant Housing Units | 1,678 (31.3%) |
| Median Home Value | $661,109 |
| Average Home Value | $817,945 |
Residential
3,756
Single Family
3,735
Multi-Family
21
Businesses
225
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: N/A • The Maine Real Estate Experience
Mls Name: Maine Listings
Mls ID: #1639247
