71 Bay View DriveBar HarborME04609
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
Rental property for sale in Bar Harbor at 71 Bay View Drive, Bar Harbor, ME, 04609 priced at $1,700,000 converts $4,057/mo rent into after a $8,321/mo obligation. Total monthly income equals $4,057/mo. Return on cash invested prints 5.83% in year one, and rental yield reads 2.86% against a $1,700,000 entry. Equity gained on principal adds $10,970/yr, while 5% annual appreciation compiles into $469,679 by year five. Five-year ROI reaches 27.43% and total cumulative return in cash sums $151,063. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,057/mo property income covering a $8,321/mo payment, not borrower’s personal income.
Single Family
Built in 1990
4.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04609, Bar Harbor, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,179 (100%) |
| Owner Occupied HU | 1,735 (41.5%) |
| Renter Occupied HU | 903 (21.6%) |
| Vacant Housing Units | 1,541 (36.9%) |
| Median Home Value | $507,924 |
| Average Home Value | $582,997 |
Housing Distribution
Address Breakdown
Residential
2,811
Single Family
2,559
Multi-Family
252
Businesses
446
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • The Knowles Company
Mls Name: Maine Listings
Mls ID: #1644317