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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Harpswell at 6 Merritt House Road UNIT 22, Harpswell, ME, 04079 priced at $389,000 converts $2,664/mo rent into after a $1,904/mo obligation. Total monthly income equals $2,664/mo. Return on cash invested prints 15.25% in year one, and rental yield reads 8.22% against a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation compiles into $107,474 by year five. Five-year ROI reaches 80.39% and total cumulative return in cash sums $103,662. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,664/mo property income covering a $1,904/mo payment, not borrower’s personal income.
Condo
Built in 2008
0.83 Acres lot
$N/A/sqft
$710 monthly HOA
Neighborhood data shown for ZIP Code: 04079, Harpswell, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,341 (100%) |
| Owner Occupied HU | 1,744 (52.2%) |
| Renter Occupied HU | 284 ( 8.5%) |
| Vacant Housing Units | 1,313 (39.3%) |
| Median Home Value | $755,906 |
| Average Home Value | $839,537 |
Residential
2,280
Single Family
2,280
Multi-Family
0
Businesses
74
Date | Event | Price |
|---|---|---|
| 2025-04-25 | Listed for sale | $389,000 |
| 2022-08-19 | Sold | $355,000 |
| 2022-07-11 | Pending sale | $369,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-30 | $2162.00 | N/A | $354,500 | N/A |
| 2023-04-30 | $2162.00 | 3.35% | $354,500 | N/A |
| 2022-04-30 | $2092.00 | 18.46% | $354,500 | 35.31% |
Listed by: N/A • Roxanne York Real Estate
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1620212
Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
