690 Lebanon RoadNorth BerwickME03906
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
Investment Highlights
Investment property for sale in North Berwick at 690 Lebanon Road, North Berwick, ME, 03906 at $698,000 posts ROI 23.94% with $743/mo cash flow from $5,148/mo rent. Total monthly income equals $5,148/mo, and annual cash flow records $8,918/yr on $229,642 to close. Return on cash invested measures 23.94% and rental yield reads 8.85% at the current $698,000. Equity gained on principal adds $4,504/yr, and 5% annual appreciation supports $192,845 by year five. Five-year ROI prints 124.62% and total cumulative return in cash totals $286,176.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,148/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2023
3.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03906, North Berwick, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,228 (100%) |
| Owner Occupied HU | 1,733 (77.8%) |
| Renter Occupied HU | 357 (16.0%) |
| Vacant Housing Units | 138 ( 6.2%) |
| Median Home Value | $453,463 |
| Average Home Value | $469,577 |
Housing Distribution
Address Breakdown
Residential
1,882
Single Family
1,832
Multi-Family
50
Businesses
107
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Listed by: N/A • Bradshaw Realty Experts LLC
Mls Name: Maine Listings
Mls ID: #1641949