31 Bay Street, Boothbay Harbor, ME, 04538 | 4.56% Rental Yield

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31 Bay Street, Boothbay Harbor, ME, 04538 | 4.56% Rental Yield | 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 Boothbay Harbor at 31 Bay Street, Boothbay Harbor, ME, 04538 at $595,000 posts ROI 10.91% with from $2,263/mo rent. Total monthly income equals $2,263/mo. Return on cash invested measures 10.91% and rental yield reads 4.56% at the current $595,000. Equity gained on principal adds $3,839/yr, and 5% annual appreciation supports $164,388 by year five. Five-year ROI prints 54.76% and total cumulative return in cash totals $107,186. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,263/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1880

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

This classic mostly furnished move in ready two-bedroom, two bath with eat in kitchen New England style home offers a perfect blend of charm and modern updates. tastefully renovated throughout, the home features solar panels to enhance energy efficiency. A cozy den with a gas fireplace and built in( Murphy) style bed provides flexibility as a guest space or potential 3rd bedroom. Enjoy the convenience of a detached 1 car garage and a ideal location, just a four minute walk to Boothbay Harbor's iconic footbridge and just 5 minutes to downtown shops, restaurants and scenic Barrett's park. A rare find with both character and comfort in the heart of Boothbay Harbor.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04538, Boothbay Harbor, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,057 (100%)
Owner Occupied HU	692 (33.6%)
Renter Occupied HU	331 (16.1%)
Vacant Housing Units	1,034 (50.3%)
Median Home Value	$456,164
Average Home Value	$625,040