41 Coveside RoadSwans IslandME04685
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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 Swans Island at 41 Coveside Road, Swans Island, ME, 04685 at $115,000 posts ROI 69.61% with $1,579/mo cash flow from $2,305/mo rent. Total monthly income equals $2,305/mo, and annual cash flow records $18,949/yr on $38,123 to close. Return on cash invested measures 69.61% and rental yield reads 24.05% at the current $115,000. Equity gained on principal adds $742/yr, and 5% annual appreciation supports $31,772 by year five. Five-year ROI prints 369.7% and total cumulative return in cash totals $140,937.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,305/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Lot
Built in N/A
2.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04685, Swans Island, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 476 (100%) |
| Owner Occupied HU | 131 (27.5%) |
| Renter Occupied HU | 33 ( 6.9%) |
| Vacant Housing Units | 312 (65.5%) |
| Median Home Value | $389,535 |
| Average Home Value | $462,328 |
Housing Distribution
Address Breakdown
Residential
121
Single Family
121
Multi-Family
0
Businesses
16
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Listed by: N/A • Better Homes & Gardens Real Estate/The Masiello Group
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1602292
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. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782