8 Harbor ViewPhippsburgME04562
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 5.93% gross rental yield, 8 Harbor View, Phippsburg, ME, 04562 in Phippsburg is priced for capital growth, not immediate cash flow. The $515,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $142,285 by year five, with $4,743/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (1.10) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $150,117.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.9% | 5.5% |
| Monthly Cash Flow | $(706) | $450 |
City averages based on Phippsburg market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,544 |
| Total Monthly Debt Service | $3,045 |
| DSCR Ratio | 0.84x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1949
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04562, Phippsburg, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,837 (100%) |
| Owner Occupied HU | 897 (48.8%) |
| Renter Occupied HU | 106 ( 5.8%) |
| Vacant Housing Units | 834 (45.4%) |
| Median Home Value | $443,333 |
| Average Home Value | $508,138 |
Housing Distribution
Address Breakdown
Residential
1,010
Single Family
1,010
Multi-Family
0
Businesses
39
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
Single Family
Built in 1949
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04562, Phippsburg, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,837 (100%) |
| Owner Occupied HU | 897 (48.8%) |
| Renter Occupied HU | 106 ( 5.8%) |
| Vacant Housing Units | 834 (45.4%) |
| Median Home Value | $443,333 |
| Average Home Value | $508,138 |
Housing Distribution
Address Breakdown
Residential
1,010
Single Family
1,010
Multi-Family
0
Businesses
39
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Maine Listings
Mls ID: #1673369