79 E Ridge Road #203Southwest HarborME04679
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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
Investment Highlights
Investment property for sale in Southwest Harbor at 79 E Ridge Road #203, Southwest Harbor, ME, 04679 earns $427/mo cash flow from $1,822/mo rent with a $1,082/mo payment. Total monthly income totals $1,822/mo, and annual cash flow totals $5,123/yr on $73,262 capital. ROI tracks 26.9% on current figures, and rental yield reads 9.89% at a $221,000 purchase. Equity gained on principal adds $1,426/yr, and 5% annual appreciation supports $61,058 over five years. Five-year ROI reaches 140.51% and total cumulative return in cash sums $102,937. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,822/mo property income instead of your personal income.
Condo
Built in 1988
3.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04679, Southwest Harbor, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,489 (100%) |
| Owner Occupied HU | 580 (39.0%) |
| Renter Occupied HU | 262 (17.6%) |
| Vacant Housing Units | 647 (43.5%) |
| Median Home Value | $430,804 |
| Average Home Value | $459,922 |
Housing Distribution
Address Breakdown
Residential
423
Single Family
348
Multi-Family
75
Businesses
140
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Listed by: N/A • Portside Real Estate Group
Mls Name: Maine Listings
Mls ID: #1631895