7 Cappys Lane, York, ME, 03909 | 5.07% Rental Yield

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Price: $300K - 500K

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7 Cappys Lane, York, ME, 03909 | 5.07% Rental Yield | Ziffy

For Sale

Currently Rented

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in York at 7 Cappys Lane, York, ME, 03909 priced at $995,000 converts $4,200/mo rent into after a $4,870/mo obligation. Total monthly income equals $4,200/mo. Return on cash invested prints 12.44% in year one, and rental yield reads 5.07% against a $995,000 entry. Equity gained on principal adds $6,421/yr, while 5% annual appreciation compiles into $274,900 by year five. Five-year ROI reaches 62.91% and total cumulative return in cash sums $205,926. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,200/mo property income covering a $4,870/mo payment, not borrower’s personal income.

Multi Family

Built in 1948

0.46 Acres lot

$N/A/sqft

No HOA

More details about the property

The quintessential Maine beachfront community, Sea La Vie and Sea Rose cottages are centrally located, walking distance to the beach and amenities of downtown Short Sands and striking distance to Long Sands or Cape Neddick Beaches! This powerhouse investment opportunity currently rented seasonally (May-Oct), has an excellent rental history, and solid cash flow. The spacious almost 1/2 acre lot is tucked away off of Main St, and abuts private woodlands to the rear creating the ideal, private sanctuary for your vacation getaway! Sea La Vie (the main cottage) is a charming mid-century cape, featuring a substantial wrap-around porch, 3 large bedrooms and 1 full bathroom, fully furnished and equipped for the next season! Sea Rose is a cozy 1 bedroom cottage that offers premium overflow space for large gatherings or it can be rented independently. Additionally, the detached two car garage is excellent owners storage for equipment etc. or a prime candidate for redevelopment into living space- completing the ultimate cottage rental compound! Two separate homes, on one large in-town lot with the ability to sleep 10! Don't miss out on this opportunity to buy a cash flowing asset, available to the market for the first time in almost 4 decades!

Neighborhood Data

Neighborhood data shown for ZIP Code: 03909, York, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,891 (100%)
Owner Occupied HU	4,276 (54.2%)
Renter Occupied HU	783 ( 9.9%)
Vacant Housing Units	2,832 (35.9%)
Median Home Value	$644,778
Average Home Value	$741,313