37 Chestnut StreetBathME04530
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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
Rental property for sale in Bath at 37 Chestnut Street, Bath, ME, 04530 generates $1,398/mo in rent and, after a $979/mo payment, leaves $71/mo in cash flow. Total monthly income is $1,398/mo, and annual cash flow is $856/yr on $66,300 invested. Return on cash invested sits at 21.2% in year one, and rental yield is 8.39% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 110.4% and total cumulative return in cash sums $73,196. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,398/mo property income rather than buyer’s personal income.
Single Family
Built in 1890
6,969 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 04530, Bath, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,152 (100%) |
| Owner Occupied HU | 3,485 (56.6%) |
| Renter Occupied HU | 1,955 (31.8%) |
| Vacant Housing Units | 712 (11.6%) |
| Median Home Value | $374,912 |
| Average Home Value | $480,148 |
Housing Distribution
Address Breakdown
Residential
5,468
Single Family
5,211
Multi-Family
257
Businesses
441
Price History
Date | Event | Price |
|---|---|---|
| 2025-02-28 | Listed for sale | $200,000 |
| 2003-05-02 | Sold | $59,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-04 | $3372.00 | 4.43% | $199,500 | 26.03% |
| 2022-03-04 | $3229.00 | 0.50% | $158,300 | N/A |
| 2021-03-04 | $3213.00 | N/A | $158,300 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1890
- Architectural Style: New Englander
- Building Area: 1,859
- Living Area: 1,859 sqft
- Property Condition: N/A
Features & Amenities
- Heating: None
- Cooling: None
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: 1 - 4 Spaces, Gravel
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Paved
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: N/A • RE/MAX Riverside
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1615189
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