7 Starboard Ln, Freeport, ME, 04032 | 9.01% Rental Yield

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7 Starboard Ln, Freeport, ME, 04032 | 9.01% Rental Yield | Ziffy

For Sale

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

Investment property for sale in Freeport at 7 Starboard Ln, Freeport, ME, 04032 at $180,000 posts ROI 8.87% with from $1,352/mo rent. Total monthly income equals $1,352/mo. Return on cash invested measures 8.87% and rental yield reads 9.01% at the current $180,000. Equity gained on principal adds $1,162/yr, and 5% annual appreciation supports $49,731 by year five. Five-year ROI prints 49.34% and total cumulative return in cash totals $29,441. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,352/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Manufactured

Built in 2015

N/A lot

$N/A/sqft

$765 monthly HOA

More details about the property

Beautiful 2015 Redmond manufactured Home on waterfront lot. This really is a MUST SEE location. 2 bedrooms, 2 bath home. Master has a master suite with jetted tub and skylight! Beautiful wood cabinets are plenty in the kitchen with an updated sink and faucet and plenty of space for an eat in kitchen or corner nook like we currently have. 2nd Bedroom is on the other end of home and features a sliding glass door that goes out to a screened in porch overlooking the back yard and the Harraseeket River. Yard goes right up to where you get to enjoy the Harraseeket River and all the wildlife that comes with it! Eagles, Osprey, Blue Herons, Snowy Egrets, Deer and more right from the view of your chairs overlooking the beautiful outdoors. Winslow Memorial Park is just an 8 minute walk from the front steps to the first picnic table overlooking Casco Bay, the beach and beautiful sunrises. Picnic table, grills, a playground and trails all within a 10 minute walk from home! Laminate throughout Vaulted ceilings Skylights Wood Fireplace - Dura-logs work great! Mini split for heat and A/C K-1 Furnace for additional heat Plenty of windows and skylights to bring in all the natural light All of the furniture (couches, tables, tv's etc) can be agreed on to stay or be purchased. This can also include kayaks with pull carts, lawn mower and outdoor chairs. Lender financing available with 10% down! Lot rent $765 Must be approved by park and pets ok with park approval also. Please reach out to set up a showing! Unlike a home being shown by a realtor, you can park here, check out the home, sit out back, walk to the park and just take your time and get a feel for how beautiful this spot really is!

Neighborhood Data

Neighborhood data shown for ZIP Code: 04032, Freeport, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,124 (100%)
Owner Occupied HU	3,053 (74.0%)
Renter Occupied HU	685 (16.6%)
Vacant Housing Units	386 ( 9.4%)
Median Home Value	$638,488
Average Home Value	$737,943