61 Hoffses Beach LnDamariscottaME04543
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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 Damariscotta at 61 Hoffses Beach Ln, Damariscotta, ME, 04543 offers $2,414/mo rent that, after a $1,396/mo payment, leaves $614/mo cash flow. Total monthly income is $2,414/mo, and annual cash flow is $7,366/yr on $94,577 cash. Return on cash invested measures 27.7% in year one, and rental yield stands at 10.15% at a $285,300 entry. Equity gained on principal adds $1,841/yr while 5% annual appreciation compounds into $78,823 by year five. Five-year ROI records 144.75% and total cumulative return in cash reaches $136,901. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,414/mo property income versus a $1,396/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2002
4.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04543, Damariscotta, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,456 (100%) |
| Owner Occupied HU | 788 (54.1%) |
| Renter Occupied HU | 372 (25.5%) |
| Vacant Housing Units | 296 (20.3%) |
| Median Home Value | $372,052 |
| Average Home Value | $444,632 |
Housing Distribution
Address Breakdown
Residential
876
Single Family
740
Multi-Family
136
Businesses
259
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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