299 Island AvenueSpruce HeadME04859
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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
Rental property for sale in Spruce Head at 299 Island Avenue, Spruce Head, ME, 04859 priced at $1,320,000 pairs $2,760/mo rent with after a $6,461/mo payment. Total monthly income equals $2,760/mo. Return on cash invested is 4.6% in year one, and rental yield stands at 2.51% on a $1,320,000 basis. Equity gained on principal adds $8,518/yr, and 5% annual appreciation accumulates to $364,692 by year five. Five-year ROI measures 20.85% and total cumulative return in cash reaches $89,179. For financing, Ziffy Mortgage’s DSCR program evaluates $2,760/mo property income against a $6,461/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1991
1.40 Acres lot
$N/A/sqft
$600 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04859, Spruce Head, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 525 (100%) |
| Owner Occupied HU | 307 (58.5%) |
| Renter Occupied HU | 28 ( 5.3%) |
| Vacant Housing Units | 190 (36.2%) |
| Median Home Value | $704,167 |
| Average Home Value | $794,902 |
Housing Distribution
Address Breakdown
Residential
271
Single Family
271
Multi-Family
0
Businesses
12
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Listed by: N/A • Camden Coast Real Estate
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1625363
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