600 High StreetNorth BerwickME03906
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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 North Berwick at 600 High Street, North Berwick, ME, 03906 priced at $299,900 pairs $2,454/mo rent with $561/mo cash flow after a $1,468/mo payment. Total monthly income equals $2,454/mo, and annual cash flow comes to $6,734/yr on $99,417 invested. Return on cash invested is 26.68% in year one, and rental yield stands at 9.82% on a $299,900 basis. Equity gained on principal adds $1,935/yr, and 5% annual appreciation accumulates to $82,857 by year five. Five-year ROI measures 139.37% and total cumulative return in cash reaches $138,556. For financing, Ziffy Mortgage’s DSCR program evaluates $2,454/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1946
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03906, North Berwick, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,228 (100%) |
| Owner Occupied HU | 1,733 (77.8%) |
| Renter Occupied HU | 357 (16.0%) |
| Vacant Housing Units | 138 ( 6.2%) |
| Median Home Value | $453,463 |
| Average Home Value | $469,577 |
Housing Distribution
Address Breakdown
Residential
1,882
Single Family
1,832
Multi-Family
50
Businesses
107
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Listed by: N/A • Portico Realty
Mls Name: Maine Listings
Mls ID: #1634379