615 Spruce Head RoadSouth ThomastonME04858
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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 Thomaston at 615 Spruce Head Road, South Thomaston, ME, 04858 generates $2,297/mo in rent and, after a $1,346/mo payment, leaves $561/mo in cash flow. Total monthly income is $2,297/mo, and annual cash flow is $6,737/yr on $91,163 invested. Return on cash invested sits at 27.3% in year one, and rental yield is 10.02% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 142.66% and total cumulative return in cash sums $130,055. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,297/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
1.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04858, South Thomaston, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,002 (100%) |
| Owner Occupied HU | 619 (61.8%) |
| Renter Occupied HU | 113 (11.3%) |
| Vacant Housing Units | 270 (26.9%) |
| Median Home Value | $416,400 |
| Average Home Value | $463,514 |
Housing Distribution
Address Breakdown
Residential
513
Single Family
513
Multi-Family
0
Businesses
31
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Listed by: N/A • Gregory W. Peet Real Estate
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1570903
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