64 Basin Cove Road, Harpswell, ME, 04079 | 4.31% Rental Yield | Ziffy
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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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NMLS #2625701
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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
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Investment Highlights

Investment property for sale in Harpswell at 64 Basin Cove Road, Harpswell, ME, 04079 with 5% annual appreciation on a $925,000 basis while $3,322/mo rent supports operations. 13% in year one. Equity gained on principal adds $5,969/yr, and five-year appreciation sums $255,560 alongside rental yield of 4.31%. Five-year ROI measures 50.51% and total cumulative return in cash totals $153,721. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,322/mo property income versus a $4,527/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 2011

7,840 sqft lot

$N/A/sqft

$50 annually HOA

More details about the property

Welcome to 64 Basin Cove! -- An exquisite Waterfront Retreat nestled on the serene Basin Cove in Harpswell, Maine. This stunning year-round contemporary home, built in 2011, offers a unique blend of modern elegance and breathtaking natural beauty, with spectacular water views from every room. This Bright and Spacious Year-Round home, featuring 2 Bedrooms & 2 1/2 Bathrooms, is designed with an ideal layout that enhances the sense of openness and light throughout. Upon entering, you are immediately greeted by Panoramic Views of the Bay, creating a warm and inviting atmosphere. The main floor features an elegant Living Room with stunning Water views, ideal for gatherings. The Primary Bedroom is a true sanctuary, featuring spectacular Water Views, a vaulted ceiling, and generous walk-in closets. The tranquil ambiance makes it the perfect retreat after a long day. An additional Bedroom also enjoys striking Water Views, providing a serene space for family or guests to unwind. Additionally, the spacious Basement provides extra space for a Family Room / Rec Area. This versatile Basement space also boasts sparkling Water views and direct access to the Waterfront and Dock, making it a perfect spot for entertainment or relaxation. Prepare to be marvelously distracted by the breathtaking Water Views from your well-appointed Kitchen which seamlessly connects to the Dining Area, where a smart Balcony awaitsperfect for outdoor dining and relaxation while soaking in the tranquil waterfront scenery. (Furniture (except Dining Room) available for purchase.) Step outside to your Private Dock, situated directly in front of the property. Enjoy easy access to the water for boating, fishing, or simply embracing the coastal lifestyle. The surrounding landscape offers a peaceful retreat, allowing you to fully embrace the beauty of Maine. Nearby Mooring Field, Dining, Hiking Trails, and Public Beaches minutes away... Come for a Visit, Stay for for a Lifetime..

Neighborhood Data

Neighborhood data shown for ZIP Code: 04079, Harpswell, ME area.

Housing Distribution

Housing Statistics

CategoryValue
Total HU (Housing Units)3,341 (100%)
Owner Occupied HU1,744 (52.2%)
Renter Occupied HU284 ( 8.5%)
Vacant Housing Units1,313 (39.3%)
Median Home Value$755,906
Average Home Value$839,537

Address Breakdown

Residential

2,280

Single Family

2,280

Multi-Family

0

Businesses

74

Price History

Date

Event

Price

2024-10-18Listed for sale$925,000

Tax History

Date

Tax Paid

Tax Increase Rate

Value

Value Increase Rate

2022-11-11$2558.0015.12%$433,50031.48%
2020-11-11$2222.000.59%$329,700N/A
2019-11-11$2209.003.42%$329,700N/A
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NMLS #2625701
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Facts & Features

General Information

  • Type: SingleFamily
  • Year Built: 2011
  • Architectural Style: Contemporary
  • Building Area: 2,031
  • Living Area: 2,031 sqft
  • Property Condition: N/A

Features & Amenities

  • Heating: Multi-Zones, Forced Air
  • Cooling: Central Air
  • Flooring: N/A
  • Interior Features: Walk-In Closet(s)
  • Exterior Features: N/A
  • Parking Features: 1 - 4 Spaces, Gravel, On Site

Location

  • City: Harpswell
  • State: ME
  • Subdivision: N/A
  • Lot Size: 7,840 sqft
  • Lot Features: Open Lot, Rolling Slope, Near Public Beach
  • View: Scenic

HOA & Fees

  • HOA Fee: $50 annually
  • Association Fee: $50 annually
  • Fees & Dues: N/A
  • Association Amenities: N/A
  • Association Fee Includes: N/A

Utilities

  • Utilities: N/A
  • Sewer: Private Sewer, Septic Existing on Site
  • Water Source: Private, Well
  • Road Surface Type: Gravel

School Information

  • Elementary School: N/A
  • Middle School: N/A
  • High School: N/A

Listed by: N/A • Engel & Volkers Casco Bay 

Mls Name: Maine Listings

Mls Provider:Mls

Mls ID: #1607054

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. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782

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