46 Spurwink AvenueCape ElizabethME04107
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
Investment Highlights
Investment property for sale in Cape Elizabeth at 46 Spurwink Avenue, Cape Elizabeth, ME, 04107 at $529,000 posts ROI 29.34% with $1,347/mo cash flow from $4,685/mo rent. Total monthly income equals $4,685/mo, and annual cash flow records $16,159/yr on $174,041 to close. Return on cash invested measures 29.34% and rental yield reads 10.63% at the current $529,000. Equity gained on principal adds $3,414/yr, and 5% annual appreciation supports $146,153 by year five. Five-year ROI prints 153.57% and total cumulative return in cash totals $267,281.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,685/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1957
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04107, Cape Elizabeth, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,176 (100%) |
| Owner Occupied HU | 3,424 (82.0%) |
| Renter Occupied HU | 419 (10.0%) |
| Vacant Housing Units | 333 ( 8.0%) |
| Median Home Value | $683,369 |
| Average Home Value | $814,860 |
Housing Distribution
Address Breakdown
Residential
4,115
Single Family
4,040
Multi-Family
75
Businesses
70
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Listed by: N/A • Town & Shore Real Estate
Mls Name: Maine Listings
Mls ID: #1647259