68 Crowley Island RdCoreaME04624
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayNot all U.S. investment properties are valued for current income. 68 Crowley Island Rd, Corea, ME, 04624 in Corea at $579,900, 5.15% gross yield, is a market-growth asset. Rental yield 5.15%. The $2,490/mo rent partially funds the $2,608/mo debt service; the core return is the 5%/yr price growth projected to add $160,216 over five years. Ziffy Mortgage's DSCR mortgage (0.95) provides financing for foreign nationals without domestic income checks. A 30–35% down payment often produces the cleanest coverage for low-yield properties. Total five-year return: $144,908.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.2% | 5.0% |
| Monthly Cash Flow | $(1,170) | $700 |
City averages based on Corea market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,490 |
| Total Monthly Debt Service | $3,429 |
| DSCR Ratio | 0.73x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1975
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04624, Corea, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 253 (100%) |
| Owner Occupied HU | 73 (28.9%) |
| Renter Occupied HU | 8 ( 3.2%) |
| Vacant Housing Units | 172 (68.0%) |
| Median Home Value | $541,667 |
| Average Home Value | $524,144 |
Housing Distribution
Address Breakdown
Residential
46
Single Family
46
Multi-Family
0
Businesses
3
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
Single Family
Built in 1975
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04624, Corea, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 253 (100%) |
| Owner Occupied HU | 73 (28.9%) |
| Renter Occupied HU | 8 ( 3.2%) |
| Vacant Housing Units | 172 (68.0%) |
| Median Home Value | $541,667 |
| Average Home Value | $524,144 |
Housing Distribution
Address Breakdown
Residential
46
Single Family
46
Multi-Family
0
Businesses
3
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices