574 Main Street #111DamariscottaME04543
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow574 Main Street #111, Damariscotta, ME, 04543 in Damariscotta is a top-tier cash-flow asset. At $230,000 it produces $3,594/mo in rent and $2,142/mo in net monthly income, a 18.75% gross rental yield. The DSCR of 3.48 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $25,709. Five-year appreciation adds $63,545, driving a total cumulative return of $225,262.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 18.8% | 6.5% |
| Monthly Cash Flow | $2,142 | $850 |
City averages based on Damariscotta market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,594 |
| Total Monthly Debt Service | $1,360 |
| DSCR Ratio | 2.64x |
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.
Condo
Built in 1987
3.16 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
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 1987
3.16 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Legacy Properties Sotheby's International Realty
Mls Name: Maine Listings
Mls ID: #1637514