74 & 76 Bay Street, Boothbay Harbor, ME, 04538 | 3.67% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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74 & 76 Bay Street, Boothbay Harbor, ME, 04538 | 3.67% Rental Yield | Ziffy

For Sale

Rental Income

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 Boothbay Harbor at 74 & 76 Bay Street, Boothbay Harbor, ME, 04538 earns from $3,360/mo rent with a $5,384/mo payment. Total monthly income totals $3,360/mo. ROI tracks 8.31% on current figures, and rental yield reads 3.67% at a $1,100,000 purchase. Equity gained on principal adds $7,098/yr, and 5% annual appreciation supports $303,910 over five years. Five-year ROI reaches 40.7% and total cumulative return in cash sums $145,051. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,360/mo property income instead of your personal income.

Single Family

Built in 1920

1.25 Acres lot

$N/A/sqft

No HOA

More details about the property

This historic property was formerly the Green Shutters Inn and now includes a completely renovated New England style home with 3 bedrooms and 2.5 baths. Additionally, there are 4 seasonal cabins that provide rental income or a fun spot for family or friends. The home was rebuilt in 2013 from the foundation up, keeping many old features like the classic wood shingled siding, a spacious south facing porch to enjoy all day long and an incredible screened porch for more privacy on the back- all with composite decking. Birch floors throughout with a great room with high ceilings and many windows with lots of light, is a perfect gathering place all year. Double glass doors lead to the outside to the cabins but you can create a patio area that is private and quiet. Private well and quasi public sewer. Located within walking distance to Boothbay Harbor and Barrett's Park this location is private but convenient. Sited on 1.25 acres with potential to divide or keep as is to enjoy the unique setting in Boothbay Harbor.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04538, Boothbay Harbor, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,057 (100%)
Owner Occupied HU	692 (33.6%)
Renter Occupied HU	331 (16.1%)
Vacant Housing Units	1,034 (50.3%)
Median Home Value	$456,164
Average Home Value	$625,040