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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Augusta at 308 Riverside Drive, Augusta, ME, 04330 priced at $359,000 converts $2,635/mo rent into $369/mo cash flow after a $1,757/mo obligation. Total monthly income equals $2,635/mo, and annual cash flow totals $4,433/yr on $119,009 invested. Return on cash invested prints 23.63% in year one, and rental yield reads 8.81% against a $359,000 entry. Equity gained on principal adds $2,317/yr, while 5% annual appreciation compiles into $99,185 by year five. Five-year ROI reaches 122.99% and total cumulative return in cash sums $146,371. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,635/mo property income covering a $1,757/mo payment, not borrower’s personal income.
Single Family
Built in 1928
1.21 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 04330, Augusta, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,622 (100%) |
| Owner Occupied HU | 7,903 (58.0%) |
| Renter Occupied HU | 4,434 (32.6%) |
| Vacant Housing Units | 1,285 ( 9.4%) |
| Median Home Value | $239,579 |
| Average Home Value | $264,116 |
Residential
12,582
Single Family
11,441
Multi-Family
1,141
Businesses
1,190
Date | Event | Price |
|---|---|---|
| 2025-01-13 | Price change | $359,000 |
| 2024-12-31 | Listed for sale | $365,000 |
| 2023-09-21 | Sold | $142,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-28 | $3171.00 | 4.76% | $138,100 | N/A |
| 2022-01-28 | $3027.00 | 4.67% | $138,100 | N/A |
| 2021-01-28 | $2892.00 | N/A | $138,100 | N/A |
Listed by: N/A • Brookewood Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1611762
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
