32 Pine StreetNewportME04953
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play32 Pine Street, Newport, ME, 04953 in Newport is priced for appreciation, not yield. Rental yield 5.52%. At $269,900 with a 5.52% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $74,568 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (1.02) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $72,776.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.5% | 7.8% |
| Monthly Cash Flow | $(461) | $250 |
City averages based on Newport market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,242 |
| Total Monthly Debt Service | $1,596 |
| DSCR Ratio | 0.78x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1979
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04953, Newport, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,780 (100%) |
| Owner Occupied HU | 966 (54.3%) |
| Renter Occupied HU | 444 (24.9%) |
| Vacant Housing Units | 370 (20.8%) |
| Median Home Value | $269,469 |
| Average Home Value | $304,335 |
Housing Distribution
Address Breakdown
Residential
1,499
Single Family
1,449
Multi-Family
50
Businesses
184
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1979
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04953, Newport, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,780 (100%) |
| Owner Occupied HU | 966 (54.3%) |
| Renter Occupied HU | 444 (24.9%) |
| Vacant Housing Units | 370 (20.8%) |
| Median Home Value | $269,469 |
| Average Home Value | $304,335 |
Housing Distribution
Address Breakdown
Residential
1,499
Single Family
1,449
Multi-Family
50
Businesses
184
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices