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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Damariscotta at 574 Main Street UNIT 103, Damariscotta, ME, 04543 earns $2,021/mo cash flow from $3,594/mo rent with a $1,052/mo payment. Total monthly income totals $3,594/mo, and annual cash flow totals $24,257/yr on $71,273 capital. ROI tracks 53.94% on current figures, and rental yield reads 20.06% at a $215,000 purchase. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 over five years. Five-year ROI reaches 286.87% and total cumulative return in cash sums $204,457. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,594/mo property income instead of your personal income.
Townhouse
Built in 1987
3.16 Acres lot
$N/A/sqft
$216 monthly HOA
Neighborhood data shown for ZIP Code: 04543, Damariscotta, ME area.
| 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 |
Residential
876
Single Family
740
Multi-Family
136
Businesses
259
Date | Event | Price |
|---|---|---|
| 2024-09-14 | Listed for sale | $215,000 |
| 2024-08-26 | Sold | $210,000 |
| 2024-08-05 | Pending sale | $213,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-10-15 | $851.00 | 4.80% | $51,100 | N/A |
| 2021-10-15 | $812.00 | N/A | $51,100 | N/A |
| 2020-10-15 | $812.00 | 0.12% | $51,100 | 1.39% |
Listed by: N/A • Newcastle Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1603776
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
