390 Castine RoadCastineME04421
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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 Castine at 390 Castine Road, Castine, ME, 04421 offers a 6.66% rental yield on a $529,000 purchase with $2,938/mo rent. 18% in year one. Equity gained on principal adds $3,414/yr while 5% annual appreciation supports $146,153 over five years. Portfolio math shows five-year ROI at 88.39% and total cumulative return in cash at $153,833. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,938/mo property income against a $2,589/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
2 Acres lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04421, Castine, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 674 (100%) |
| Owner Occupied HU | 267 (39.6%) |
| Renter Occupied HU | 79 (11.7%) |
| Vacant Housing Units | 328 (48.7%) |
| Median Home Value | $583,726 |
| Average Home Value | $667,556 |
Housing Distribution
Address Breakdown
Residential
94
Single Family
94
Multi-Family
0
Businesses
57
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Listed by: N/A • Saltmeadow Properties, Inc.
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1621988
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