460 S Road, Chebeague Island, ME, 04017 | 6.87% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

460 S Road, Chebeague Island, ME, 04017 | 6.87% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
2 Bath
1144 sft

1238 Broadway, South Portland, ME, 04106

2 Bed
2 Bath
990 sft

64 Ocean Park Road UNIT 4, Saco, ME, 04072

2 Bed
1 Bath
891 sft

5 Academy Place UNIT 59, Saco, ME, 04072

2 Bed
2 Bath
1554 sft

4 Mainsail Lane #4, Saco, ME, 04072

Nearby investment properties with comparable prices

3 Bed
1 Bath
1165 sft

87 Wythburn Road, South Portland, ME, 04106

3 Bed
1 Bath
1038 sft

20 Westfield Street, Biddeford, ME, 04005

3 Bed
1 Bath
1062 sft

32 Carlson Street, Westbrook, ME, 04092

3 Bed
2 Bath
1280 sft

55 Huntington Avenue, Portland, ME, 04103

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Chebeague Island at 460 S Road, Chebeague Island, ME, 04017 priced at $475,000 pairs $2,719/mo rent with after a $2,325/mo payment. Total monthly income equals $2,719/mo. Return on cash invested is 17.78% in year one, and rental yield stands at 6.87% on a $475,000 basis. Equity gained on principal adds $3,065/yr, and 5% annual appreciation accumulates to $131,234 by year five. Five-year ROI measures 91.63% and total cumulative return in cash reaches $144,283. For financing, Ziffy Mortgage’s DSCR program evaluates $2,719/mo property income against a $2,325/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1930

0.39 Acres lot

$N/A/sqft

No HOA

More details about the property

Introducing 460 South Road, a beautifully updated two-bedroom, one-bath home tucked among the trees and just minutes from Chebeague's sandy beaches. Here, mornings begin with coffee on the deck, afternoons drift toward beach walks, and evenings bring neighbors together over dinner at the Slow Bell or a sunset round on the island's golf course. Inside, warm wood floors, abundant light, and thoughtful updates blend character with modern comfort. The kitchen has been remodeled with concrete countertops, new fixtures, and tiled flooring that continues through the bath. Downstairs hardwoods have been refinished, while upstairs pine floors gleam beneath a fresh finish. Heat pumps provide efficient year round comfort, complemented by a whole-house generator circuit and new water filtration system. A detached barn offers finished space on both levelsperfect for a studio, guest quarters, or home office. Outside, a decorative stone wall frames the front yard and mature trees surround the property, creating a quiet, natural setting that captures the essence of Maine's coastal simplicity. Chebeague Island offers a lifestyle unlike anywhere else; walks along the beach, kayaking in calm coves, ferry rides to the mainland, and a tight-knit community rooted in timeless charm. Whether a year-round home or island retreat, this property combines the comfort of modern upgrades with the beauty and ease of island living.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04017, Chebeague Island, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	530 (100%)
Owner Occupied HU	173 (32.6%)
Renter Occupied HU	25 ( 4.7%)
Vacant Housing Units	332 (62.6%)
Median Home Value	$841,216
Average Home Value	$1,004,986