308 Foye Road, Wiscasset, ME, 04578 | $658/mo Cash Flow

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308 Foye Road, Wiscasset, ME, 04578 | $658/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

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

Investment property for sale in Wiscasset at 308 Foye Road, Wiscasset, ME, 04578 with 5% annual appreciation on a $295,000 basis while $2,520/mo rent supports operations. Total monthly income totals $2,520/mo and a $1,444/mo payment preserves $658/mo for cash returns. Annual cash flow comes to $7,897/yr on $97,793 deployed, and return on cash invested reaches 27.98% in year one. Equity gained on principal adds $1,904/yr, and five-year appreciation sums $81,503 alongside rental yield of 10.25%. Five-year ROI measures 146.34% and total cumulative return in cash totals $143,114.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,520/mo property income versus a $1,444/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1998

1.03 Acres lot

$N/A/sqft

No HOA

More details about the property

This sweet, immaculate 2-bedroom home has everything you need for comfortable, easy living! Tucked away on a quiet one-acre lot just outside of the village, it offers privacy and convenience. Enjoy peace and serenity on the deck, accessed through the sliding patio door off the dining area. The full walk-out basement is ideal for storage, a workshop or hobby space. Complete with a wood stove for added warmth and versatility. Home also features a one-car garage and full house on-demand generator for peace of mind year-round. Recent updates include a new roof, newer windows and appliances,, fresh interior paint and a paved driveway. The septic system is a 3-bedroom system, allowing for potential future expansion of the home. Whether you're a first-time homebuyer, looking to downsize, or seeking a summer getaway, this affordable gem is a must-see. Don't miss out on this great opportunity. Schedule your showing today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 04578, Wiscasset, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,483 (100%)
Owner Occupied HU	1,636 (65.9%)
Renter Occupied HU	421 (17.0%)
Vacant Housing Units	426 (17.2%)
Median Home Value	$340,434
Average Home Value	$407,550