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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Orrs Island at 48 Little Island Road, Orrs Island, ME, 04066 at $1,950,000 posts ROI 1.21% with from $2,220/mo rent. Total monthly income equals $2,220/mo. Return on cash invested measures 1.21% and rental yield reads 1.37% at the current $1,950,000. Equity gained on principal adds $12,583/yr, and 5% annual appreciation supports $538,749 by year five. Five-year ROI prints 2.65% and total cumulative return in cash totals $16,721. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,220/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
0.81 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 04066, Orrs Island, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 541 (100%) |
| Owner Occupied HU | 242 (44.7%) |
| Renter Occupied HU | 45 ( 8.3%) |
| Vacant Housing Units | 254 (47.0%) |
| Median Home Value | $719,101 |
| Average Home Value | $1,039,514 |
Residential
359
Single Family
359
Multi-Family
0
Businesses
23
Date | Event | Price |
|---|---|---|
| 2024-08-22 | Listed for sale | $1,950,000 |
| 2024-08-14 | Contingent | $1,950,000 |
| 2024-08-02 | Listed for sale | $1,950,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: N/A • Legacy Properties Sotheby's International Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1599117
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
