682 Weir Cove RoadHarborsideME04642
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 682 Weir Cove Road, Harborside, ME, 04642 in Harborside. Rental yield 5.04%. At $715,000 with 5.04% gross yield, current distributions are modest, but the 5% appreciation rate projects $197,541 in new equity by year five, complemented by $6,585/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.93) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $174,475.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5% | 5.2% |
| Monthly Cash Flow | $(1,509) | $950 |
City averages based on Harborside market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,004 |
| Total Monthly Debt Service | $4,228 |
| DSCR Ratio | 0.71x |
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 2015
6.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04642, Harborside, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 288 (100%) |
| Owner Occupied HU | 85 (29.5%) |
| Renter Occupied HU | 15 ( 5.2%) |
| Vacant Housing Units | 188 (65.3%) |
| Median Home Value | $503,571 |
| Average Home Value | $512,412 |
Housing Distribution
Address Breakdown
Residential
126
Single Family
126
Multi-Family
0
Businesses
0
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 2015
6.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04642, Harborside, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 288 (100%) |
| Owner Occupied HU | 85 (29.5%) |
| Renter Occupied HU | 15 ( 5.2%) |
| Vacant Housing Units | 188 (65.3%) |
| Median Home Value | $503,571 |
| Average Home Value | $512,412 |
Housing Distribution
Address Breakdown
Residential
126
Single Family
126
Multi-Family
0
Businesses
0
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • The Christopher Group, LLC
Mls Name: Maine Listings
Mls ID: #1632076