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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 Eliot at 28 Village Drive UNIT 12, Eliot, ME, 03903 generates $4,098/mo in rent and, after a $2,692/mo payment, leaves $252/mo in cash flow. Total monthly income is $4,098/mo, and annual cash flow is $3,022/yr on $180,950 invested. Return on cash invested sits at 21.73% in year one, and rental yield is 8.94% on a $550,000 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 113.64% and total cumulative return in cash sums $205,630. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,098/mo property income rather than buyer’s personal income.
Condo
Built in 2016
0.60 Acres lot
$N/A/sqft
$375 monthly HOA
Neighborhood data shown for ZIP Code: 03903, Eliot, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,085 (100%) |
| Owner Occupied HU | 2,494 (80.8%) |
| Renter Occupied HU | 419 (13.6%) |
| Vacant Housing Units | 172 ( 5.6%) |
| Median Home Value | $606,849 |
| Average Home Value | $638,798 |
Residential
2,864
Single Family
2,756
Multi-Family
108
Businesses
248
Date | Event | Price |
|---|---|---|
| 2025-04-06 | Listed for sale | $550,000 |
| 2024-10-13 | Listing removed | $564,500 |
| 2024-10-07 | Price change | $564,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: N/A • Pack Maynard and Associates
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1618213
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
