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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Eliot at 720 River Road, Eliot, ME, 03903 at $475,000 posts ROI 24.14% with $555/mo cash flow from $3,553/mo rent. Total monthly income equals $3,553/mo, and annual cash flow records $6,661/yr on $157,463 to close. Return on cash invested measures 24.14% and rental yield reads 8.98% at the current $475,000. Equity gained on principal adds $3,065/yr, and 5% annual appreciation supports $131,234 by year five. Five-year ROI prints 125.7% and total cumulative return in cash totals $197,935.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,553/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1830
19 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 03903, Eliot, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,085 (100%) |
| Owner Occupied HU | 2,494 (80.8%) |
| Renter Occupied HU | 419 (13.6%) |
| Vacant Housing Units | 172 ( 5.6%) |
| Median Home Value | $606,849 |
| Average Home Value | $638,798 |
Residential
2,864
Single Family
2,756
Multi-Family
108
Businesses
248
Date | Event | Price |
|---|---|---|
| 2024-06-03 | Listed for sale | $475,000 |
| 2024-06-01 | Contingent | $475,000 |
| 2024-05-22 | Price change | $475,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-11-11 | $3705.00 | -6.98% | $306,200 | 3.80% |
| 2021-11-11 | $3983.00 | -1.82% | $295,000 | 6.88% |
| 2020-11-11 | $4057.00 | N/A | $276,000 | N/A |
Listed by: N/A • Gosselin Realty Group
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1590577
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. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
