6 Back Acres LaneSouth BerwickME03908
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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
Rental property for sale in South Berwick at 6 Back Acres Lane, South Berwick, ME, 03908 priced at $675,000 converts $4,927/mo rent into $667/mo cash flow after a $3,304/mo obligation. Total monthly income equals $4,927/mo, and annual cash flow totals $8,001/yr on $222,075 invested. Return on cash invested prints 23.66% in year one, and rental yield reads 8.76% against a $675,000 entry. Equity gained on principal adds $4,356/yr, while 5% annual appreciation compiles into $186,490 by year five. Five-year ROI reaches 123.1% and total cumulative return in cash sums $273,375. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,927/mo property income covering a $3,304/mo payment, not borrower’s personal income.
Single Family
Built in 2011
1.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03908, South Berwick, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,137 (100%) |
| Owner Occupied HU | 2,413 (76.9%) |
| Renter Occupied HU | 619 (19.7%) |
| Vacant Housing Units | 105 ( 3.3%) |
| Median Home Value | $457,853 |
| Average Home Value | $487,165 |
Housing Distribution
Address Breakdown
Residential
3,053
Single Family
2,856
Multi-Family
197
Businesses
168
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Listed by: N/A • Keller Williams Realty
Mls Name: Maine Listings
Mls ID: #1636475