8 Linnel Drive, Bailey Island, ME, 04003 | 2.44% Rental Yield

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8 Linnel Drive, Bailey Island, ME, 04003 | 2.44% 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

Rental property for sale in Bailey Island at 8 Linnel Drive, Bailey Island, ME, 04003 offers $2,640/mo rent that, after a $6,363/mo payment. Total monthly income is $2,640/mo. Return on cash invested measures 4.52% in year one, and rental yield stands at 2.44% at a $1,300,000 entry. Equity gained on principal adds $8,389/yr while 5% annual appreciation compounds into $359,166 by year five. Five-year ROI records 20.37% and total cumulative return in cash reaches $85,779. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,640/mo property income versus a $6,363/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1976

0.54 Acres lot

$N/A/sqft

No HOA

More details about the property

They say all the best spots were built on 50 years agothis is one of them. Built in 1976 on the eastern shores of Bailey Island, this one-of-a-kind property offers a truly irreplaceable setting. With 200 feet of waterfront, a private pocket beach, and breathtaking sunrises over the open ocean, the views here are vast, ever-changing, and absolutely magical. The home enjoys rare grandfathered year-round statuscontinuously occupied for nearly five decades. Each owner has made thoughtful improvements, enhancing both its structural integrity and overall livability. Today, it stands as a remarkable opportunity ready for your final vision. The property is currently under construction, having been completely rebuilt with top-tier materials, including steel beams, remote-controlled storm shutters, all-new windows, and more. The heavy lifting was done by a well respected builder Paul Smith. What remains is for you to finish it to your taste and style. Additional highlights include a detached two-car garage with a studio, a private garden, and the serenity and seclusion only found in a setting like this. This is a rare chance to create your coastal dream home on one of Maine's most coveted islands. Don't miss the opportunity to make this incredable property into your dream home.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04003, Bailey Island, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	529 (100%)
Owner Occupied HU	158 (29.9%)
Renter Occupied HU	30 ( 5.7%)
Vacant Housing Units	341 (64.5%)
Median Home Value	$762,500
Average Home Value	$1,070,807