832 Main Road, Islesboro, ME, 04848 | $776/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

832 Main Road, Islesboro, ME, 04848 | $776/mo Cash Flow | Ziffy

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
1170 sft

360 Vinal Street, Rockport, ME, 04856

3 Bed
2 Bath
1762 sft

6 Gosse's Hill Road, Camden, ME, 04843

8 Bed
11 Bath
9025 sft

399 Hermit's Point Road, Islesboro, ME, 04848

5 Bed
3 Bath
1724 sft

38 Linden St, Rockland, ME, 04841

Nearby investment properties with comparable prices

2 Bed
1 Bath
1200 sft

102 Hills Point, Union, ME, 04862

2 Bed
1 Bath
1691 sft

393 Searsmont Road, Lincolnville, ME, 04849

4 Bed
2 Bath
2886 sft

25 James Street, Rockland, ME, 04841

3 Bed
2 Bath
2376 sft

69 Mathews Brook Road, Warren, ME, 04864

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Islesboro at 832 Main Road, Islesboro, ME, 04848 generates $3,395/mo in rent and, after a $2,031/mo payment, leaves $776/mo in cash flow. Total monthly income is $3,395/mo, and annual cash flow is $9,313/yr on $137,573 invested. Return on cash invested sits at 26.68% in year one, and rental yield is 9.82% on a $415,000 entry. Equity gained on principal adds $2,678/yr, while 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 139.33% and total cumulative return in cash sums $191,685. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,395/mo property income rather than buyer’s personal income.

Single Family

Built in 2004

1.50 Acres lot

$N/A/sqft

No HOA

More details about the property

Known as The Abbey, this truly unique property on a quintessentially Maine island began life as a residence and summer retreat for a local pastor. With numerous repairs, paint, holtz hausen wood piles, garden, and landscaping from the current owner, the property is ready for its next chapter. Sadly, the current owners have been called away from their island paradise, but a new owner now has the opportunity to add their own flare to this dreamy and unique property. Built in 2004, this property includes the Abbey with much of the furniture, an accessory building containing a workshop and furnished guest apartment, gardening shed, adorable chicken coop and many mature plantings. You'll have massive rhododendrons, apple and peach trees, lilacs, lupine, hiking, biking, boating, the warmth of summer, the sparkle and smell of the ocean, and the colors of fall in Maine to look forward to. Repairs include fresh paint throughout, new roof, 1st fl bathroom shower, 2nd fl kitchen and bathroom floor, French drain, new decking and stairs, and workshop ready to be finished for additional living space. There is terrific opportunity for rental income. So much to offer and brimming with possibilities, be the next to call The Abbey and Islesboro home. Conveys furnished with 2 generators and a barbecue grill. Back on market due to financing not the property.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04848, Islesboro, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	838 (100%)
Owner Occupied HU	236 (28.2%)
Renter Occupied HU	39 ( 4.7%)
Vacant Housing Units	563 (67.2%)
Median Home Value	$494,118
Average Home Value	$615,180