49 Dipper Cove RoadOrrs IslandME04066
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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 Orrs Island at 49 Dipper Cove Road, Orrs Island, ME, 04066 with 5% annual appreciation on a $837,500 basis while $2,266/mo rent supports operations. 82% in year one. Equity gained on principal adds $5,404/yr, and five-year appreciation sums $231,386 alongside rental yield of 3.25%. Five-year ROI measures 27.82% and total cumulative return in cash totals $76,641. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,266/mo property income versus a $4,099/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1996
1.07 Acres lot
$N/A/sqft
$250 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 04066, Orrs Island, ME area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
359
Single Family
359
Multi-Family
0
Businesses
23
Price History
Date | Event | Price |
|---|---|---|
| 2025-07-18 | Sold | $837,500 |
| 2025-06-22 | Pending sale | $845,000 |
| 2025-06-16 | Price change | $845,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-20 | $5115.00 | N/A | $838,500 | N/A |
| 2023-10-20 | $5115.00 | 25.55% | $838,500 | 21.43% |
| 2022-10-20 | $4074.00 | 19.02% | $690,500 | 35.95% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1996
- Architectural Style: Contemporary,Ranch
- Building Area: 2,122
- Living Area: 2,122 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Hot Water, Baseboard
- Cooling: None
- Flooring: Wood, Tile, Carpet
- Interior Features: Walk-In Closet(s), 1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, One-Floor Living, Primary Bedroom w/Bath
- Exterior Features: N/A
- Parking Features: 1 - 4 Spaces, Paved, Inside Entrance
Location
- City: Orrs Island
- State: ME
- Subdivision: Dipper Cove Road Association
- Lot Size: 1.07 Acres
- Lot Features: Well Landscaped, Level, Wooded, Abuts Conservation, Near Public Beach, Near Shopping, Neighborhood, Rural, Subdivided
- View: Scenic
HOA & Fees
- HOA Fee: $250 monthly
- Association Fee: $250 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Utilities On
- Sewer: Septic Tank, Private Sewer
- Water Source: Well, Private
- Road Surface Type: Paved
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: N/A • Roxanne York Real Estate
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1621950
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. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782