3 Goose Neck RoadHancockME04640
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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 Hancock at 3 Goose Neck Road, Hancock, ME, 04640 generates $1,376/mo in rent, after a $783/mo payment. Total monthly income is $1,376/mo. Return on cash invested sits at 12.47% in year one, and rental yield is 10.33% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 68.88% and total cumulative return in cash sums $36,510. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,376/mo property income rather than buyer’s personal income.
Manufactured
Built in 2023
N/A lot
$N/A/sqft
$695 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04640, Hancock, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,416 (100%) |
| Owner Occupied HU | 798 (56.4%) |
| Renter Occupied HU | 248 (17.5%) |
| Vacant Housing Units | 370 (26.1%) |
| Median Home Value | $317,054 |
| Average Home Value | $384,283 |
Housing Distribution
Address Breakdown
Residential
1,197
Single Family
1,197
Multi-Family
0
Businesses
96
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Nearby investment properties with comparable prices
Listed by: N/A • Better Homes & Gardens Real Estate/The Masiello Group
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1627242
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