37 Mill Stream Lane #37KennebunkportME04046
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 37 Mill Stream Lane #37, Kennebunkport, ME, 04046 in Kennebunkport worth modelling. At $359,900 with a 8.6% gross yield, the $2,580/mo rent leaves $84/mo after the $1,618/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.59 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $99,434 by year five; $3,315/yr in principal reduction adds further equity. Total projected return: $156,582.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 6.5% |
| Monthly Cash Flow | $84 | $900 |
City averages based on Kennebunkport market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,580 |
| Total Monthly Debt Service | $2,128 |
| DSCR Ratio | 1.21x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04046, Kennebunkport, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,367 (100%) |
| Owner Occupied HU | 3,207 (59.8%) |
| Renter Occupied HU | 482 ( 9.0%) |
| Vacant Housing Units | 1,678 (31.3%) |
| Median Home Value | $661,109 |
| Average Home Value | $817,945 |
Housing Distribution
Address Breakdown
Residential
3,756
Single Family
3,735
Multi-Family
21
Businesses
225
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
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04046, Kennebunkport, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,367 (100%) |
| Owner Occupied HU | 3,207 (59.8%) |
| Renter Occupied HU | 482 ( 9.0%) |
| Vacant Housing Units | 1,678 (31.3%) |
| Median Home Value | $661,109 |
| Average Home Value | $817,945 |
Housing Distribution
Address Breakdown
Residential
3,756
Single Family
3,735
Multi-Family
21
Businesses
225
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Maine Listings
Mls ID: #1659463