87 Lowells Cove RoadOrrs IslandME04066
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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 Orrs Island at 87 Lowells Cove Road, Orrs Island, ME, 04066 listed at $945,000 pairs $2,561/mo rent with a $4,625/mo payment. Total monthly income runs $2,561/mo. Return on cash invested measures 6.93% in year one, and rental yield registers 3.25% at a $945,000 basis. Equity gained on principal adds $6,098/yr, and annual property appreciation at 5% supports $261,086 by year five. Five-year ROI tracks 33.36% and total cumulative return in cash totals $103,708. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,561/mo property income relative to a $4,625/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1984
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04066, Orrs Island, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 541 (100%) |
| Owner Occupied HU | 242 (44.7%) |
| Renter Occupied HU | 45 ( 8.3%) |
| Vacant Housing Units | 254 (47.0%) |
| Median Home Value | $719,101 |
| Average Home Value | $1,039,514 |
Housing Distribution
Address Breakdown
Residential
359
Single Family
359
Multi-Family
0
Businesses
23
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Listed by: N/A • Keller Williams Realty
Mls Name: Maine Listings
Mls ID: #1626029