9 Southern Cove LnDeer IsleME04627
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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 Deer Isle at 9 Southern Cove Ln, Deer Isle, ME, 04627 offers $1,891/mo rent that, after a $668/mo payment, leaves $1,030/mo cash flow. Total monthly income is $1,891/mo, and annual cash flow is $12,357/yr on $45,217 cash. Return on cash invested measures 47.24% in year one, and rental yield stands at 16.64% at a $136,400 entry. Equity gained on principal adds $880/yr while 5% annual appreciation compounds into $37,685 by year five. Five-year ROI records 249.59% and total cumulative return in cash reaches $112,856. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,891/mo property income versus a $668/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04627, Deer Isle, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,612 (100%) |
| Owner Occupied HU | 698 (43.3%) |
| Renter Occupied HU | 147 ( 9.1%) |
| Vacant Housing Units | 767 (47.6%) |
| Median Home Value | $416,901 |
| Average Home Value | $508,073 |
Housing Distribution
Address Breakdown
Residential
676
Single Family
652
Multi-Family
24
Businesses
62
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