55 Shell RoadPhippsburgME04562
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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
Rental property for sale in Phippsburg at 55 Shell Road, Phippsburg, ME, 04562 priced at $985,000 pairs $2,760/mo rent with after a $4,821/mo payment. Total monthly income equals $2,760/mo. Return on cash invested is 7.26% in year one, and rental yield stands at 3.36% on a $985,000 basis. Equity gained on principal adds $6,356/yr, and 5% annual appreciation accumulates to $272,137 by year five. Five-year ROI measures 35.15% and total cumulative return in cash reaches $113,902. For financing, Ziffy Mortgage’s DSCR program evaluates $2,760/mo property income against a $4,821/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
1.05 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 04562, Phippsburg, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,837 (100%) |
| Owner Occupied HU | 897 (48.8%) |
| Renter Occupied HU | 106 ( 5.8%) |
| Vacant Housing Units | 834 (45.4%) |
| Median Home Value | $443,333 |
| Average Home Value | $508,138 |
Housing Distribution
Address Breakdown
Residential
1,010
Single Family
1,010
Multi-Family
0
Businesses
39
Price History
Date | Event | Price |
|---|---|---|
| 2024-05-09 | Listed for sale | $985,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1900
- Architectural Style: Cottage,Shingle Style
- Building Area: 3,776
- Living Area: 3,776 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Other, Baseboard
- Cooling: None
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: 1 - 4 Spaces, Paved, Off Street
Location
- City: Phippsburg
- State: ME
- Subdivision: Sebasco Estates
- Lot Size: 1.05 Acres
- Lot Features: Open Lot, Rolling Slope, Landscaped, Near Golf Course, Near Public Beach, Rural
- View: Scenic
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Private Sewer, Septic Existing on Site
- Water Source: Private, Seasonal
- Road Surface Type: Gravel, Paved
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: N/A • Legacy Properties Sotheby's International Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1589028
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. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782