89 Water StreetCastineME04421
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
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 Castine at 89 Water Street, Castine, ME, 04421 priced at $295,000 pairs $0/mo rent with after a $1,444/mo payment. Total monthly income equals $0/mo. Return on cash invested is -2.94% in year one, and rental yield stands at 0% on a $295,000 basis. Equity gained on principal adds $1,904/yr, and 5% annual appreciation accumulates to $81,503 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $0/mo property income against a $1,444/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1965
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04421, Castine, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 674 (100%) |
| Owner Occupied HU | 267 (39.6%) |
| Renter Occupied HU | 79 (11.7%) |
| Vacant Housing Units | 328 (48.7%) |
| Median Home Value | $583,726 |
| Average Home Value | $667,556 |
Housing Distribution
Address Breakdown
Residential
94
Single Family
94
Multi-Family
0
Businesses
57
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices