65 Summit RoadNortheast HarborME04662
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Northeast Harbor at 65 Summit Road, Northeast Harbor, ME, 04662 listed at $1,200,000 pairs $2,608/mo rent with a $5,873/mo payment. Total monthly income runs $2,608/mo. Return on cash invested measures 5.05% in year one, and rental yield registers 2.61% at a $1,200,000 basis. Equity gained on principal adds $7,743/yr, and annual property appreciation at 5% supports $331,538 by year five. Five-year ROI tracks 23.2% and total cumulative return in cash totals $90,203. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,608/mo property income relative to a $5,873/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1901
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04662, Northeast Harbor, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 540 (100%) |
| Owner Occupied HU | 166 (30.7%) |
| Renter Occupied HU | 48 ( 8.9%) |
| Vacant Housing Units | 326 (60.4%) |
| Median Home Value | $573,718 |
| Average Home Value | $663,765 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
86
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • The Knowles Company
Mls Name: Maine Listings
Mls ID: #1640454