575 Main RoadWestport IslandME04578
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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 Westport Island at 575 Main Road, Westport Island, ME, 04578 uses $119,340 cash to close to unlock $3,552/yr annual cash flow and $296/mo monthly cash flow. Total monthly income runs $2,568/mo, and a $1,762/mo payment keeps the spread at $296/mo. Purchase price stands at $360,000, and rental yield measures 8.56% with $2,568/mo rent. Return on cash invested shows 22.89% in year one, and 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 118.95% and total cumulative return in cash records $141,957. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,568/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 1988
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04578, Wiscasset, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,483 (100%) |
| Owner Occupied HU | 1,636 (65.9%) |
| Renter Occupied HU | 421 (17.0%) |
| Vacant Housing Units | 426 (17.2%) |
| Median Home Value | $340,434 |
| Average Home Value | $407,550 |
Housing Distribution
Address Breakdown
Residential
1,997
Single Family
1,973
Multi-Family
24
Businesses
160
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Listed by: N/A • Coldwell Banker Realty
Mls Name: Maine Listings
Mls ID: #1650674