7 Atlantic Drive #7ScarboroughME04074
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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
Total monthly income runs $2,860/mo, and a $9,544/mo payment. Purchase price stands at $1,950,000, and rental yield measures 1.76% with $2,860/mo rent. Return on cash invested shows 2.43% in year one, and 5% annual appreciation builds toward $538,749 over five years. Five-year ROI reaches 9.17% and total cumulative return in cash records $57,905. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,860/mo property income covering a $9,544/mo payment rather than investor’s personal income.
Condo
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04074, Scarborough, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,980 (100%) |
| Owner Occupied HU | 7,257 (66.1%) |
| Renter Occupied HU | 2,431 (22.1%) |
| Vacant Housing Units | 1,292 (11.8%) |
| Median Home Value | $610,244 |
| Average Home Value | $700,977 |
Housing Distribution
Address Breakdown
Residential
10,395
Single Family
9,453
Multi-Family
942
Businesses
910
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Listed by: N/A • RE/MAX By The Bay
Mls Name: Maine Listings
Mls ID: #1635284