7 Goose Neck RoadHancockME04640
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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 Hancock at 7 Goose Neck Road, Hancock, ME, 04640 earns from $1,193/mo rent with a $758/mo payment. Total monthly income totals $1,193/mo. ROI tracks 8.7% on current figures, and rental yield reads 9.24% at a $154,900 purchase. Equity gained on principal adds $1,000/yr, and 5% annual appreciation supports $42,796 over five years. Five-year ROI reaches 48.86% and total cumulative return in cash sums $25,088. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,193/mo property income instead of your personal income.
Manufactured
Built in 2023
N/A lot
$N/A/sqft
$695 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04640, Hancock, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,416 (100%) |
| Owner Occupied HU | 798 (56.4%) |
| Renter Occupied HU | 248 (17.5%) |
| Vacant Housing Units | 370 (26.1%) |
| Median Home Value | $317,054 |
| Average Home Value | $384,283 |
Housing Distribution
Address Breakdown
Residential
1,197
Single Family
1,197
Multi-Family
0
Businesses
96
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Nearby investment properties with comparable prices
Listed by: N/A • Better Homes & Gardens Real Estate/The Masiello Group
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1628074
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