67 Water StreetLubecME04652
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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 Lubec at 67 Water Street, Lubec, ME, 04652 generates $2,947/mo in rent and, after a $1,664/mo payment, leaves $801/mo in cash flow. Total monthly income is $2,947/mo, and annual cash flow is $9,616/yr on $112,710 invested. Return on cash invested sits at 28.44% in year one, and rental yield is 10.4% on a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 148.77% and total cumulative return in cash sums $167,682. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,947/mo property income rather than buyer’s personal income.
Multi Family
Built in 1900
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04652, Lubec, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,328 (100%) |
| Owner Occupied HU | 635 (47.8%) |
| Renter Occupied HU | 144 (10.8%) |
| Vacant Housing Units | 549 (41.3%) |
| Median Home Value | $215,046 |
| Average Home Value | $237,472 |
Housing Distribution
Address Breakdown
Residential
903
Single Family
902
Multi-Family
1
Businesses
84
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Listed by: N/A • Bold Coast Properties
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1624058
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