5 Spinney Way UNIT 5KitteryME03904
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 5 Spinney Way UNIT 5, Kittery, ME, 03904 in Kittery speaks for itself: 16.09% gross on a $354,900 price, generating $4,759/mo in rent and $1,961/mo in net income after the $1,596/mo debt service. DSCR 2.98, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $23,536 stacks alongside $98,052 in projected five-year appreciation and $3,269/yr in principal reduction. Projected total cumulative return: $263,420.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 16.1% | 7.3% |
| Monthly Cash Flow | $1,961 | $1,200 |
City averages based on Kittery market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,759 |
| Total Monthly Debt Service | $2,657 |
| DSCR Ratio | 1.79x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Manufactured
Built in 2017
N/A lot
$N/A/sqft
$558 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03904, Kittery, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,413 (100%) |
| Owner Occupied HU | 2,410 (54.6%) |
| Renter Occupied HU | 1,466 (33.2%) |
| Vacant Housing Units | 537 (12.2%) |
| Median Home Value | $553,355 |
| Average Home Value | $593,606 |
Housing Distribution
Address Breakdown
Residential
4,022
Single Family
3,639
Multi-Family
383
Businesses
437
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
Manufactured
Built in 2017
N/A lot
$N/A/sqft
$558 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03904, Kittery, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,413 (100%) |
| Owner Occupied HU | 2,410 (54.6%) |
| Renter Occupied HU | 1,466 (33.2%) |
| Vacant Housing Units | 537 (12.2%) |
| Median Home Value | $553,355 |
| Average Home Value | $593,606 |
Housing Distribution
Address Breakdown
Residential
4,022
Single Family
3,639
Multi-Family
383
Businesses
437
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices