9 Spruce Needle LaneBlue HillME04614
Nearby investment properties with comparable rents
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
Investment property for sale in Blue Hill at 9 Spruce Needle Lane, Blue Hill, ME, 04614 listed at $599,000 pairs $3,184/mo rent with a $2,932/mo payment. Total monthly income runs $3,184/mo. Return on cash invested measures 16.43% in year one, and rental yield registers 6.38% at a $599,000 basis. Equity gained on principal adds $3,865/yr, and annual property appreciation at 5% supports $165,493 by year five. Five-year ROI tracks 84.31% and total cumulative return in cash totals $166,150. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,184/mo property income relative to a $2,932/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1981
3.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04614, Blue Hill, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,845 (100%) |
| Owner Occupied HU | 1,018 (55.2%) |
| Renter Occupied HU | 294 (15.9%) |
| Vacant Housing Units | 533 (28.9%) |
| Median Home Value | $373,502 |
| Average Home Value | $470,840 |
Housing Distribution
Address Breakdown
Residential
924
Single Family
922
Multi-Family
2
Businesses
173
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices