59 Bedford StreetBathME04530
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 59 Bedford Street, Bath, ME, 04530 in Bath deserves attention. This $289,000 property earns $2,542/mo in rent, a 10.55% gross yield, and nets $718/mo after the $1,370/mo payment. DSCR 1.86 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $79,845 compounds alongside $2,423/yr in yearly equity build, for a total cumulative return of $150,526.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 7.0% |
| Monthly Cash Flow | $718 | $450 |
City averages based on Bath market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,542 |
| Total Monthly Debt Service | $1,779 |
| DSCR Ratio | 1.43x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1941
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04530, Bath, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,152 (100%) |
| Owner Occupied HU | 3,485 (56.6%) |
| Renter Occupied HU | 1,955 (31.8%) |
| Vacant Housing Units | 712 (11.6%) |
| Median Home Value | $374,912 |
| Average Home Value | $480,148 |
Housing Distribution
Address Breakdown
Residential
5,468
Single Family
5,211
Multi-Family
257
Businesses
441
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
