66 Townsend AvenueBoothbay HarborME04538
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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 Boothbay Harbor at 66 Townsend Avenue, Boothbay Harbor, ME, 04538 priced at $895,000 converts $3,360/mo rent into after a $4,381/mo obligation. Total monthly income equals $3,360/mo. Return on cash invested prints 10.73% in year one, and rental yield reads 4.51% against a $895,000 entry. Equity gained on principal adds $5,775/yr, while 5% annual appreciation compiles into $247,272 by year five. Five-year ROI reaches 53.77% and total cumulative return in cash sums $158,330. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,360/mo property income covering a $4,381/mo payment, not borrower’s personal income.
Multi Family
Built in 1880
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04538, Boothbay Harbor, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,057 (100%) |
| Owner Occupied HU | 692 (33.6%) |
| Renter Occupied HU | 331 (16.1%) |
| Vacant Housing Units | 1,034 (50.3%) |
| Median Home Value | $456,164 |
| Average Home Value | $625,040 |
Housing Distribution
Address Breakdown
Residential
1,119
Single Family
1,042
Multi-Family
77
Businesses
217
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Listed by: N/A • Tindal & Callahan Real Estate
Mls Name: Maine Listings
Mls ID: #1640575