574 Main Street #99, Damariscotta, ME, 04543 | $769/mo Cash Flow

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574 Main Street #99, Damariscotta, ME, 04543 | $769/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Damariscotta at 574 Main Street #99, Damariscotta, ME, 04543 offers a 11.68% rental yield on a $224,900 purchase with $2,189/mo rent. Total monthly income registers $2,189/mo, and a $1,101/mo payment leaves $769/mo available for distribution. Annual cash flow reaches $9,233/yr on $74,554 to close, and return on cash invested stands at 32.29% in year one. Equity gained on principal adds $1,451/yr while 5% annual appreciation supports $62,136 over five years. Portfolio math shows five-year ROI at 169.46% and total cumulative return in cash at $126,337. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,189/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1987

3.16 Acres lot

$N/A/sqft

No HOA

More details about the property

Lovely ground floor unit. Sparkling clear inground swimming pool. Beautiful mature landscaping. Great location north of Damariscotta village. Salt and fresh recreational water opportunities abound for canoeing and kayaking. Hiking trails on Riverwalk's grounds to the Damariscotta River are in addition to other public trails nearby. Easy access and private entry. Recent upgrades include replacement of carpet with new laminate floors, heat pump and new range. An extra small room offers the possibility of another bedroom, office, den, etc. Private concrete patio fronts directly on large back lawn. Unit has been well-cared for and gently used. Very clean throughout.

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