48 Pond RoadChebeague IslandME04017
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 48 Pond Road, Chebeague Island, ME, 04017 in Chebeague Island. Rental yield 4.37%. At $1,299,000 with 4.37% gross yield, current distributions are modest, but the 5% appreciation rate projects $358,890 in new equity by year five, complemented by $11,964/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.81) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $270,198.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.4% | 5.4% |
| Monthly Cash Flow | $(3,467) | $850 |
City averages based on Chebeague Island market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,732 |
| Total Monthly Debt Service | $7,681 |
| DSCR Ratio | 0.62x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1998
3.10 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
191
Single Family
191
Multi-Family
0
Businesses
13
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
Single Family
Built in 1998
3.10 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
191
Single Family
191
Multi-Family
0
Businesses
13
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Portside Real Estate Group
Mls Name: Maine Listings
Mls ID: #1643795