292 Main StreetSouthwest HarborME04679
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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 Southwest Harbor at 292 Main Street, Southwest Harbor, ME, 04679 listed at $490,000 pairs $2,274/mo rent with a $2,398/mo payment. Total monthly income runs $2,274/mo. Return on cash invested measures 13.86% in year one, and rental yield registers 5.57% at a $490,000 basis. Equity gained on principal adds $3,162/yr, and annual property appreciation at 5% supports $135,378 by year five. Five-year ROI tracks 70.58% and total cumulative return in cash totals $114,648. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,274/mo property income relative to a $2,398/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1926
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04679, Southwest Harbor, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,489 (100%) |
| Owner Occupied HU | 580 (39.0%) |
| Renter Occupied HU | 262 (17.6%) |
| Vacant Housing Units | 647 (43.5%) |
| Median Home Value | $430,804 |
| Average Home Value | $459,922 |
Housing Distribution
Address Breakdown
Residential
423
Single Family
348
Multi-Family
75
Businesses
140
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Listed by: N/A • The Knowles Company
Mls Name: Maine Listings
Mls ID: #1649002