3 Balsam Drive, Boothbay, ME, 04537 | $574/mo Cash Flow | Ziffy
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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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NMLS #2625701
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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
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Investment Highlights

Rental property for sale in Boothbay at 3 Balsam Drive, Boothbay, ME, 04537 offers $2,280/mo rent that, after a $1,297/mo payment, leaves $574/mo cash flow. Total monthly income is $2,280/mo, and annual cash flow is $6,891/yr on $87,848 cash. Return on cash invested measures 27.75% in year one, and rental yield stands at 10.32% at a $265,000 entry. Equity gained on principal adds $1,710/yr while 5% annual appreciation compounds into $73,215 by year five. Five-year ROI records 145.26% and total cumulative return in cash reaches $127,611. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,280/mo property income versus a $1,297/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Manufactured

Built in 2003

2.01 Acres lot

$N/A/sqft

$400 annually HOA

More details about the property

Nestled within the serene Moose Ridge Crossing Association in Boothbay, Maine, this charming residence at 3 Balsam Drive offers a harmonious blend of comfort and natural beauty. Situated on a generous 2.01-acre lot, the property provides ample space for outdoor activities and potential expansion. The home boasts 3 bedrooms and 2 bathroom, providing a cozy and functional living space suitable for families and individuals alike. Equipped with a forced hot air heating system that was replaced in 2015, the residence ensures warmth and comfort during Maine's cooler seasons. As part of the Moose Ridge Crossing Association, residents enjoy a peaceful environment while remaining conveniently close to local amenities. The neighborhood is well-established, offering a sense of community and tranquility. This home presents an excellent opportunity to become part of a welcoming community in Boothbay. Whether you're seeking a year-round residence or a seasonal retreat, 3 Balsam Drive offers a solid foundation to create your ideal living space.

Price History

Date

Event

Price

2025-03-22Listed for sale$265,000
2013-07-29Sold$142,723
2012-04-01Listing removed$115,000

Tax History

Date

Tax Paid

Tax Increase Rate

Value

Value Increase Rate

2024-03-28$1094.00N/A$108,816N/A
2023-03-28$1094.008.10%$108,816N/A
2022-03-28$1012.00-2.60%$108,816N/A
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Loan officer
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NMLS #2625701
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Facts & Features

General Information

  • Type: MobileManufactured
  • Year Built: 2003
  • Architectural Style: N/A
  • Building Area: 1,176
  • Living Area: 1,176 sqft
  • Property Condition: N/A

Features & Amenities

  • Heating: Forced Air
  • Cooling: None
  • Flooring: N/A
  • Interior Features: Walk-In Closet(s), 1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, One-Floor Living, Shower, Storage
  • Exterior Features: N/A
  • Parking Features: 1 - 4 Spaces, Gravel

Location

  • City: Boothbay
  • State: ME
  • Subdivision: Moose Ridge
  • Lot Size: 2.01 Acres
  • Lot Features: Wooded, Neighborhood, Rural, Subdivided
  • View: Scenic, Trees/Woods

HOA & Fees

  • HOA Fee: $400 annually
  • Association Fee: $400 annually
  • Fees & Dues: N/A
  • Association Amenities: N/A
  • Association Fee Includes: N/A

Utilities

  • Utilities: N/A
  • Sewer: Private Sewer, Septic Design Available, Septic Existing on Site
  • Water Source: Private, Well
  • Road Surface Type: Gravel

School Information

  • Elementary School: N/A
  • Middle School: N/A
  • High School: N/A

Listed by: N/A • Tim Dunham Realty 

Mls Name: Maine Listings

Mls Provider:Mls

Mls ID: #1616836

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

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