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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% |
Rental property for sale in Westbrook at 9 Penny Lane UNIT 9, Westbrook, ME, 04092 priced at $375,000 converts $2,818/mo rent into $302/mo cash flow after a $1,835/mo obligation. Total monthly income equals $2,818/mo, and annual cash flow totals $3,621/yr on $124,313 invested. Return on cash invested prints 22.82% in year one, and rental yield reads 9.02% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 119.15% and total cumulative return in cash sums $148,119. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,818/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Condo
Built in 2024
N/A lot
$N/A/sqft
$150 monthly HOA
Neighborhood data shown for ZIP Code: 04092, Westbrook, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,635 (100%) |
| Owner Occupied HU | 5,818 (60.4%) |
| Renter Occupied HU | 3,482 (36.1%) |
| Vacant Housing Units | 335 ( 3.5%) |
| Median Home Value | $429,262 |
| Average Home Value | $476,999 |
Residential
9,188
Single Family
7,919
Multi-Family
1,269
Businesses
653
Date | Event | Price |
|---|---|---|
| 2024-10-11 | Listed for sale | $375,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: N/A • RE/MAX By The Bay
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1606621
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. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
