533 Main StreetDamariscottaME04543
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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 Damariscotta at 533 Main Street, Damariscotta, ME, 04543 uses $95,804 cash to close to unlock $6,919/yr annual cash flow and $577/mo monthly cash flow. Total monthly income runs $2,401/mo, and a $1,415/mo payment keeps the spread at $577/mo. Purchase price stands at $289,000, and rental yield measures 9.97% with $2,401/mo rent. Return on cash invested shows 27.13% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 141.74% and total cumulative return in cash records $135,794. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,401/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Single Family
Built in 1955
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04543, Damariscotta, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,456 (100%) |
| Owner Occupied HU | 788 (54.1%) |
| Renter Occupied HU | 372 (25.5%) |
| Vacant Housing Units | 296 (20.3%) |
| Median Home Value | $372,052 |
| Average Home Value | $444,632 |
Housing Distribution
Address Breakdown
Residential
876
Single Family
740
Multi-Family
136
Businesses
259
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Listed by: N/A • Rizzo Mattson
Mls Name: Maine Listings
Mls ID: #1632242