42 Indian Point Terrace, Harpswell, ME, 04079 | 3.23% Rental Yield

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42 Indian Point Terrace, Harpswell, ME, 04079 | 3.23% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Harpswell at 42 Indian Point Terrace, Harpswell, ME, 04079 generates $4,303/mo in rent, after a $7,831/mo payment. Total monthly income is $4,303/mo. Return on cash invested sits at 6.96% in year one, and rental yield is 3.23% on a $1,600,000 entry. Equity gained on principal adds $10,325/yr, while 5% annual appreciation builds toward $442,051 over five years. Five-year ROI reaches 33.45% and total cumulative return in cash sums $173,415. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,303/mo property income rather than buyer’s personal income.

Single Family

Built in 1976

1.42 Acres lot

$N/A/sqft

No HOA

More details about the property

Nestled on 1.4 private acres along the serene New Meadows, this classic 1976 Saltbox-style home offers timeless charm, modern comforts, and rare water frontage. Thoughtfully designed around a central chimney, the home features 3 bedrooms and 2 baths, including a light-filled four-season sunroom perfect for enjoying Maine's beauty year-round. Inside, a stunning fireplace anchors the main living space, while the generous kitchen impresses with slate countertops, double ovens, and a gas cooktop ideal for home chefs and entertaining alike. The attached two-car garage provides convenience and storage. Enjoy ultimate privacy in a quiet, natural setting, just minutes from Harpswell's beloved coastal amenities. This is a rare opportunity to own a truly special waterfront property in one of Maine's most desirable communities.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04079, Harpswell, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,341 (100%)
Owner Occupied HU	1,744 (52.2%)
Renter Occupied HU	284 ( 8.5%)
Vacant Housing Units	1,313 (39.3%)
Median Home Value	$755,906
Average Home Value	$839,537