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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Damariscotta at 41 Church Street, Damariscotta, ME, 04543 priced at $370,000 converts $3,594/mo rent into $1,259/mo cash flow after a $1,811/mo obligation. Total monthly income equals $3,594/mo, and annual cash flow totals $15,106/yr on $122,655 invested. Return on cash invested prints 32.22% in year one, and rental yield reads 11.66% against a $370,000 entry. Equity gained on principal adds $2,388/yr, while 5% annual appreciation compiles into $102,224 by year five. Five-year ROI reaches 169.04% and total cumulative return in cash sums $207,341. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,594/mo property income covering a $1,811/mo payment, not borrower’s personal income.
Multi Family
Built in 1920
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 04543, Damariscotta, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,456 (100%) |
| Owner Occupied HU | 788 (54.1%) |
| Renter Occupied HU | 372 (25.5%) |
| Vacant Housing Units | 296 (20.3%) |
| Median Home Value | $372,052 |
| Average Home Value | $444,632 |
Residential
876
Single Family
740
Multi-Family
136
Businesses
259
Date | Event | Price |
|---|---|---|
| 2025-05-10 | Listed for sale | $370,000 |
| 2025-04-26 | Listing removed | $370,000 |
| 2025-01-31 | Price change | $370,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-20 | $4094.00 | N/A | $261,600 | N/A |
| 2023-05-20 | $4094.00 | 12.13% | $261,600 | 19.29% |
| 2022-05-20 | $3651.00 | 4.70% | $219,300 | N/A |
Listed by: N/A • Engel & Volkers Casco Bay
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1622195
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
