34 Palmer Street, Westbrook, ME, 04092 | 2.62% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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34 Palmer Street, Westbrook, ME, 04092 | 2.62% 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

Rental property for sale in Westbrook at 34 Palmer Street, Westbrook, ME, 04092 priced at $495,000 converts $1,080/mo rent into after a $2,423/mo obligation. Total monthly income equals $1,080/mo. Return on cash invested prints 4.96% in year one, and rental yield reads 2.62% against a $495,000 entry. Equity gained on principal adds $3,194/yr, while 5% annual appreciation compiles into $136,759 by year five. Five-year ROI reaches 22.83% and total cumulative return in cash sums $37,462. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,080/mo property income covering a $2,423/mo payment, not borrower’s personal income.

Single Family

Built in 2025

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

Here is your chance to call Palmer Street Home! Another brand-new home on Palmer Street is now available! This beautiful new build continues the vision of modern comfort and community connection that makes this neighborhood so special. Step inside to discover bright, open spaces, modern finishes, and thoughtful design throughout. The kitchen features stainless steel appliances, quartz countertops, and a layout perfect for both daily living and entertaining. Natural light fills the spacious rooms, creating a warm and inviting atmosphere from morning to evening. Enjoy the convenience of a paved driveway, a private back deck, and a generous yard ideal for outdoor gatherings, gardening, or simply relaxing with a little extra space to yourself. Located in a peaceful yet convenient setting, this home offers the best of both privacy and accessibility. With the first Palmer Street home still available and two more scheduled for completion by the end of November, now's your chance to become part of this growing neighborhood from the very beginning. Don't wait! Schedule your private tour today and see what life on Palmer Street could look like for you!

Neighborhood Data

Neighborhood data shown for ZIP Code: 04092, Westbrook, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,635 (100%)
Owner Occupied HU	5,818 (60.4%)
Renter Occupied HU	3,482 (36.1%)
Vacant Housing Units	335 ( 3.5%)
Median Home Value	$429,262
Average Home Value	$476,999