73 Elm Street, Camden, ME, 04843 | 3.99% Rental Yield

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73 Elm Street, Camden, ME, 04843 | 3.99% 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 Camden at 73 Elm Street, Camden, ME, 04843 at $1,575,000 posts ROI 9.32% with from $5,243/mo rent. Total monthly income equals $5,243/mo. Return on cash invested measures 9.32% and rental yield reads 3.99% at the current $1,575,000. Equity gained on principal adds $10,163/yr, and 5% annual appreciation supports $435,143 by year five. Five-year ROI prints 46.14% and total cumulative return in cash totals $235,466. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,243/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1855

1.20 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 73 Elm Street, two buildings, landscaped with stone walls, sidewalks and plantings, situated on 1.2 acre lot. Additionally, there are 29 marked parking spaces with 125 feet frontage on Route 1(Elm Street). Front building meticulously renovated in 2000, consists of 3,777 sq ft usable floor area with conference room containing hand painted mural. There is stenciling and a hand painted mural in center hall also, a reception area, galley kitchen, private offices, 2 1/2 bathrooms, sprinkler system and fireplaces. There is an unfinished basement and an open porch not included in usable area. New furnace in 2023. Rear building, new in 2000, consists of 2,400 sq ft usable floor area of western fir, post & beam construction. ADA wheelchair elevator, EV car charger, full bathroom, conference area, with open floor plan, private office and cathedral ceilings on second level. Metal roof. Not included in usable area is 1,200 sq ft basement area with poured concrete floor used for storage. Total usable area combined is 6,177 sq ft. Calculation of area is approximate. Heat pumps for AC in both buildings are working, however they are over 20+ years old and will convey in as in condition.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04843, Camden, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,422 (100%)
Owner Occupied HU	1,801 (52.6%)
Renter Occupied HU	786 (23.0%)
Vacant Housing Units	835 (24.4%)
Median Home Value	$475,000
Average Home Value	$599,273