6 Gilpatrick LaneNortheast HarborME04662
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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 Northeast Harbor at 6 Gilpatrick Lane, Northeast Harbor, ME, 04662 priced at $1,295,000 pairs $2,381/mo rent with after a $6,338/mo payment. Total monthly income equals $2,381/mo. Return on cash invested is 3.81% in year one, and rental yield stands at 2.21% on a $1,295,000 basis. Equity gained on principal adds $8,356/yr, and 5% annual appreciation accumulates to $357,785 by year five. Five-year ROI measures 16.56% and total cumulative return in cash reaches $69,474. For financing, Ziffy Mortgage’s DSCR program evaluates $2,381/mo property income against a $6,338/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1998
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04662, Northeast Harbor, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 540 (100%) |
| Owner Occupied HU | 166 (30.7%) |
| Renter Occupied HU | 48 ( 8.9%) |
| Vacant Housing Units | 326 (60.4%) |
| Median Home Value | $573,718 |
| Average Home Value | $663,765 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
86
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Listed by: N/A • Portside Real Estate Group
Mls Name: Maine Listings
Mls ID: #1644624