24 Spillanes HillSouth BerwickME03908
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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
Investment property for sale in South Berwick at 24 Spillanes Hill, South Berwick, ME, 03908 with 5% annual appreciation on a $539,900 basis while $3,840/mo rent supports operations. Total monthly income totals $3,840/mo and a $2,643/mo payment preserves $432/mo for cash returns. Annual cash flow comes to $5,186/yr on $177,627 deployed, and return on cash invested reaches 22.98% in year one. Equity gained on principal adds $3,484/yr, and five-year appreciation sums $149,164 alongside rental yield of 8.53%. Five-year ROI measures 119.45% and total cumulative return in cash totals $212,179.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,840/mo property income versus a $2,643/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1740
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03908, South Berwick, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,137 (100%) |
| Owner Occupied HU | 2,413 (76.9%) |
| Renter Occupied HU | 619 (19.7%) |
| Vacant Housing Units | 105 ( 3.3%) |
| Median Home Value | $457,853 |
| Average Home Value | $487,165 |
Housing Distribution
Address Breakdown
Residential
3,053
Single Family
2,856
Multi-Family
197
Businesses
168
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Listed by: N/A • Keller Williams Coastal and Lakes & Mountains Realty
Mls Name: Maine Listings
Mls ID: #1642849