53 Harbor View Drive UNIT 53Stockton SpringsME04981
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 53 Harbor View Drive UNIT 53, Stockton Springs, ME, 04981 in Stockton Springs the bet is firmly on appreciation. Rental yield 5.71%. The 5.71% gross yield on a $547,500 price is below income-first thresholds, but 5%/yr value growth projects $151,264 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (1.06) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $105,253.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.7% | 6.5% |
| Monthly Cash Flow | $(1,649) | $600 |
City averages based on Stockton Springs market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,606 |
| Total Monthly Debt Service | $4,038 |
| DSCR Ratio | 0.65x |
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.
Condo
Built in 2006
84 Acres lot
$N/A/sqft
$2,400 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04981, Stockton Springs, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,363 (100%) |
| Owner Occupied HU | 934 (68.5%) |
| Renter Occupied HU | 147 (10.8%) |
| Vacant Housing Units | 282 (20.7%) |
| Median Home Value | $264,964 |
| Average Home Value | $316,751 |
Housing Distribution
Address Breakdown
Residential
1,094
Single Family
1,046
Multi-Family
48
Businesses
35
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
Condo
Built in 2006
84 Acres lot
$N/A/sqft
$2,400 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04981, Stockton Springs, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,363 (100%) |
| Owner Occupied HU | 934 (68.5%) |
| Renter Occupied HU | 147 (10.8%) |
| Vacant Housing Units | 282 (20.7%) |
| Median Home Value | $264,964 |
| Average Home Value | $316,751 |
Housing Distribution
Address Breakdown
Residential
1,094
Single Family
1,046
Multi-Family
48
Businesses
35
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Worth Real Estate, Inc.
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1619595
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