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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% |
Rental property for sale in South Berwick at 24 Waterside Lane, South Berwick, ME, 03908 generates $3,246/mo in rent and, after a $1,992/mo payment, leaves $677/mo in cash flow. Total monthly income is $3,246/mo, and annual cash flow is $8,129/yr on $134,921 invested. Return on cash invested sits at 25.93% in year one, and rental yield is 9.57% on a $407,000 entry. Equity gained on principal adds $2,626/yr, while 5% annual appreciation builds toward $112,447 over five years. Five-year ROI reaches 135.33% and total cumulative return in cash sums $182,586. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,246/mo property income rather than buyer’s personal income.
Single Family
Built in 1985
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 03908, South Berwick, ME area.
| 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 |
Residential
3,053
Single Family
2,856
Multi-Family
197
Businesses
168
Date | Event | Price |
|---|---|---|
| 2025-08-19 | Sold | $407,000 |
| 2025-08-14 | Pending sale | $399,000 |
| 2025-07-20 | Contingent | $399,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-19 | $4808.00 | N/A | $344,400 | N/A |
| 2023-10-19 | $4808.00 | 9.90% | $344,400 | 14.46% |
| 2022-10-19 | $4375.00 | 4.27% | $300,900 | 11.44% |
Listed by: N/A • Compass Real Estate
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1630580
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
