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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Orrs Island at 87 Lowells Cove Road, Orrs Island, ME, 04066 listed at $995,000 pairs $2,220/mo rent with a $4,870/mo payment. Total monthly income runs $2,220/mo. Return on cash invested measures 5.18% in year one, and rental yield registers 2.68% at a $995,000 basis. Equity gained on principal adds $6,421/yr, and annual property appreciation at 5% supports $274,900 by year five. Five-year ROI tracks 23.98% and total cumulative return in cash totals $78,510. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,220/mo property income relative to a $4,870/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 shown for ZIP Code: 04066, Orrs Island, ME area.
| 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 |
Residential
359
Single Family
359
Multi-Family
0
Businesses
23
Date | Event | Price |
|---|---|---|
| 2025-06-10 | Listed for sale | $995,000 |
| 2024-12-04 | Listing removed | $995,000 |
| 2024-06-21 | Listed for sale | $995,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-18 | $2819.00 | N/A | $462,100 | N/A |
| 2023-06-18 | $2819.00 | 24.29% | $462,100 | 20.21% |
| 2022-06-18 | $2268.00 | 24.00% | $384,400 | 41.64% |
Listed by: N/A • Keller Williams Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1626029
Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
