47 Resolution Place #47Cape ElizabethME04107
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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 Cape Elizabeth at 47 Resolution Place #47, Cape Elizabeth, ME, 04107 offers a 6.23% rental yield on a $595,000 purchase with $3,090/mo rent. 98% in year one. Equity gained on principal adds $3,839/yr while 5% annual appreciation supports $164,388 over five years. Portfolio math shows five-year ROI at 81.94% and total cumulative return in cash at $160,406. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,090/mo property income against a $2,912/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1986
N/A 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 • Legacy Properties Sotheby's International Realty
Mls Name: Maine Listings
Mls ID: #1647349