280 Longfellow Street #17WestbrookME04092
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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 280 Longfellow Street #17, Westbrook, ME, 04092 uses $111,716 cash to close to unlock $14,431/yr annual cash flow and $1,203/mo monthly cash flow. Total monthly income runs $3,329/mo, and a $1,649/mo payment keeps the spread at $1,203/mo. Purchase price stands at $337,000, and rental yield measures 11.85% with $3,329/mo rent. Return on cash invested shows 32.83% in year one, and 5% annual appreciation builds toward $93,107 over five years. Five-year ROI reaches 172.28% and total cumulative return in cash records $192,468. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,329/mo property income covering a $1,649/mo payment rather than investor’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
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
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