48 Pond RoadChebeague IslandME04017
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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 Chebeague Island at 48 Pond Road, Chebeague Island, ME, 04017 offers a 4.37% rental yield on a $1,299,000 purchase with $4,732/mo rent. 49% in year one. Equity gained on principal adds $8,382/yr while 5% annual appreciation supports $358,890 over five years. Portfolio math shows five-year ROI at 52.38% and total cumulative return in cash at $220,453. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,732/mo property income against a $6,358/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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Listed by: N/A • Portside Real Estate Group
Mls Name: Maine Listings
Mls ID: #1643795