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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Kennebunkport at 688 Kings Highway Highway, Kennebunkport, ME, 04046 priced at $1,379,000 converts $3,600/mo rent into after a $6,750/mo obligation. Total monthly income equals $3,600/mo. Return on cash invested prints 6.66% in year one, and rental yield reads 3.13% against a $1,379,000 entry. Equity gained on principal adds $8,898/yr, while 5% annual appreciation compiles into $380,992 by year five. Five-year ROI reaches 31.88% and total cumulative return in cash sums $142,418. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,600/mo property income covering a $6,750/mo payment, not borrower’s personal income.
Single Family
Built in 1960
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 04046, Kennebunkport, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,367 (100%) |
| Owner Occupied HU | 3,207 (59.8%) |
| Renter Occupied HU | 482 ( 9.0%) |
| Vacant Housing Units | 1,678 (31.3%) |
| Median Home Value | $661,109 |
| Average Home Value | $817,945 |
Residential
3,756
Single Family
3,735
Multi-Family
21
Businesses
225
Date | Event | Price |
|---|---|---|
| 2025-05-23 | Listed for sale | $1,379,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-01 | $6491.00 | 4.01% | $998,600 | N/A |
| 2023-06-01 | $6241.00 | 4.43% | $998,600 | 0.26% |
| 2022-06-01 | $5976.00 | 2.52% | $996,000 | 64.03% |
Listed by: N/A • GRB Maritime Realty LLC
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1623780
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
