311 & 313 N North Searsport RoadStockton SpringsME04981
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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
Investment property for sale in Stockton Springs at 311 & 313 N North Searsport Road, Stockton Springs, ME, 04981 listed at $115,000 pairs $890/mo rent with a $563/mo payment to leave $164/mo cash flow. Total monthly income runs $890/mo, and annual cash flow reaches $1,969/yr on $38,123 cash to close. Return on cash invested measures 25.07% in year one, and rental yield registers 9.29% at a $115,000 basis. Equity gained on principal adds $742/yr, and annual property appreciation at 5% supports $31,772 by year five. Five-year ROI tracks 130.81% and total cumulative return in cash totals $49,869. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $890/mo property income relative to a $563/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1978
6 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04981, Stockton Springs, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,363 (100%) |
| Owner Occupied HU | 934 (68.5%) |
| Renter Occupied HU | 147 (10.8%) |
| Vacant Housing Units | 282 (20.7%) |
| Median Home Value | $264,964 |
| Average Home Value | $316,751 |
Housing Distribution
Address Breakdown
Residential
1,094
Single Family
1,046
Multi-Family
48
Businesses
35
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Listed by: N/A • NextHome Experience
Mls Name: Maine Listings
Mls ID: #1632171