62 Harbor View Drive #62Stockton SpringsME04981
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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 Stockton Springs at 62 Harbor View Drive #62, Stockton Springs, ME, 04981 generates $3,901/mo in rent and, after a $2,349/mo payment, leaves $872/mo in cash flow. Total monthly income is $3,901/mo, and annual cash flow is $10,464/yr on $159,120 invested. Return on cash invested sits at 26.49% in year one, and rental yield is 9.75% on a $480,000 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation builds toward $132,615 over five years. Five-year ROI reaches 138.25% and total cumulative return in cash sums $219,989. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,901/mo property income rather than buyer’s personal income.
Condo
Built in 2005
64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04981, Stockton Springs, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,363 (100%) |
| Owner Occupied HU | 934 (68.5%) |
| Renter Occupied HU | 147 (10.8%) |
| Vacant Housing Units | 282 (20.7%) |
| Median Home Value | $264,964 |
| Average Home Value | $316,751 |
Housing Distribution
Address Breakdown
Residential
1,094
Single Family
1,046
Multi-Family
48
Businesses
35
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Listed by: N/A • Sell 207
Mls Name: Maine Listings
Mls ID: #1649404