24 Three Pines Drive UNIT 203WestbrookME04092
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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 Westbrook at 24 Three Pines Drive UNIT 203, Westbrook, ME, 04092 listed at $212,900 pairs $1,776/mo rent with a $1,042/mo payment to leave $219/mo cash flow. Total monthly income runs $1,776/mo, and annual cash flow reaches $2,633/yr on $70,576 cash to close. Return on cash invested measures 23.64% in year one, and rental yield registers 10.01% at a $212,900 basis. Equity gained on principal adds $1,374/yr, and annual property appreciation at 5% supports $58,820 by year five. Five-year ROI tracks 124.34% and total cumulative return in cash totals $87,758. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,776/mo property income relative to a $1,042/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2025
1.13 Acres lot
$N/A/sqft
$213 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 04092, Westbrook, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,635 (100%) |
| Owner Occupied HU | 5,818 (60.4%) |
| Renter Occupied HU | 3,482 (36.1%) |
| Vacant Housing Units | 335 ( 3.5%) |
| Median Home Value | $429,262 |
| Average Home Value | $476,999 |
Housing Distribution
Address Breakdown
Residential
9,188
Single Family
7,919
Multi-Family
1,269
Businesses
653
Price History
Date | Event | Price |
|---|---|---|
| 2025-03-03 | Listed for sale | $212,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
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Facts & Features
General Information
- Type: Condo
- Year Built: 2025
- Architectural Style: Contemporary
- Building Area: 423
- Living Area: 423 sqft
- Property Condition: New Construction
Features & Amenities
- Heating: Heat Pump, Baseboard
- Cooling: Heat Pump
- Flooring: N/A
- Interior Features: Bathtub, Storage
- Exterior Features: N/A
- Parking Features: Paved, Common, On Site
Location
HOA & Fees
- HOA Fee: $213 monthly
- Association Fee: $213 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: N/A • RE/MAX By The Bay
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1615166
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