85 Patten Point RoadTenants HarborME04860
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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
Rental property for sale in Tenants Harbor at 85 Patten Point Road, Tenants Harbor, ME, 04860 priced at $769,000 pairs $2,686/mo rent with after a $3,764/mo payment. Total monthly income equals $2,686/mo. Return on cash invested is 9.78% in year one, and rental yield stands at 4.19% on a $769,000 basis. Equity gained on principal adds $4,962/yr, and 5% annual appreciation accumulates to $212,461 by year five. Five-year ROI measures 48.65% and total cumulative return in cash reaches $123,091. For financing, Ziffy Mortgage’s DSCR program evaluates $2,686/mo property income against a $3,764/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2023
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04860, Tenants Harbor, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,606 (100%) |
| Owner Occupied HU | 769 (47.9%) |
| Renter Occupied HU | 144 ( 9.0%) |
| Vacant Housing Units | 693 (43.2%) |
| Median Home Value | $454,891 |
| Average Home Value | $586,248 |
Housing Distribution
Address Breakdown
Residential
602
Single Family
602
Multi-Family
0
Businesses
55
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Listed by: N/A • Better Homes & Gardens Real Estate/The Masiello Group
Mls Name: Maine Listings
Mls ID: #1633175