9 Summer StreetFreeportME04032
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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 Freeport at 9 Summer Street, Freeport, ME, 04032 priced at $969,000 converts $3,110/mo rent into after a $4,743/mo obligation. Total monthly income equals $3,110/mo. Return on cash invested prints 8.75% in year one, and rental yield reads 3.85% against a $969,000 entry. Equity gained on principal adds $6,253/yr, while 5% annual appreciation compiles into $267,717 by year five. Five-year ROI reaches 43.12% and total cumulative return in cash sums $137,463. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,110/mo property income covering a $4,743/mo payment, not borrower’s personal income.
Multi Family
Built in 1850
0.53 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 04032, Freeport, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,124 (100%) |
| Owner Occupied HU | 3,053 (74.0%) |
| Renter Occupied HU | 685 (16.6%) |
| Vacant Housing Units | 386 ( 9.4%) |
| Median Home Value | $638,488 |
| Average Home Value | $737,943 |
Housing Distribution
Address Breakdown
Residential
3,782
Single Family
3,565
Multi-Family
217
Businesses
435
Price History
Date | Event | Price |
|---|---|---|
| 2025-09-03 | Listed for sale | $969,000 |
| 2023-08-31 | Listing removed | N/A |
| 2023-08-10 | Listed for rent | $2,325 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-08 | $9268.00 | N/A | $674,000 | N/A |
| 2023-09-08 | $9268.00 | 2.97% | $674,000 | 2.21% |
| 2022-09-08 | $9001.00 | 8.39% | $659,400 | 6.01% |
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Facts & Features
General Information
- Type: MultiFamily
- Year Built: 1850
- Architectural Style: Cape Cod
- Building Area: 3,886
- Living Area: 3,886 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Baseboard
- Cooling: None
- Flooring: Carpet
- Interior Features: Pantry, Shower
- Exterior Features: N/A
- Parking Features: 5 - 10 Spaces, Paved
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Paved
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: N/A • Keller Williams Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1636409
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