581 The Shore RoadCastineME04421
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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 Castine at 581 The Shore Road, Castine, ME, 04421 uses $142,214 cash to close to unlock $4,131/yr annual cash flow and $344/mo monthly cash flow. Total monthly income runs $3,052/mo, and a $2,100/mo payment keeps the spread at $344/mo. Purchase price stands at $429,000, and rental yield measures 8.54% with $3,052/mo rent. Return on cash invested shows 22.81% in year one, and 5% annual appreciation builds toward $118,525 over five years. Five-year ROI reaches 118.6% and total cumulative return in cash records $168,661. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,052/mo property income covering a $2,100/mo payment rather than investor’s personal income.
Manufactured
Built in 1996
2.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04421, Castine, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 674 (100%) |
| Owner Occupied HU | 267 (39.6%) |
| Renter Occupied HU | 79 (11.7%) |
| Vacant Housing Units | 328 (48.7%) |
| Median Home Value | $583,726 |
| Average Home Value | $667,556 |
Housing Distribution
Address Breakdown
Residential
94
Single Family
94
Multi-Family
0
Businesses
57
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