978 Spruce Head RdSaint GeorgeME04860
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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
Investment property for sale in Saint George at 978 Spruce Head Rd, Saint George, ME, 04860 listed at $160,000 pairs $1,343/mo rent with a $783/mo payment to leave $333/mo cash flow. Total monthly income runs $1,343/mo, and annual cash flow reaches $4,000/yr on $53,040 cash to close. Return on cash invested measures 27.45% in year one, and rental yield registers 10.07% at a $160,000 basis. Equity gained on principal adds $1,032/yr, and annual property appreciation at 5% supports $44,205 by year five. Five-year ROI tracks 143.51% and total cumulative return in cash totals $76,118. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,343/mo property income relative to a $783/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1994
3.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04860, Tenants Harbor, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,606 (100%) |
| Owner Occupied HU | 769 (47.9%) |
| Renter Occupied HU | 144 ( 9.0%) |
| Vacant Housing Units | 693 (43.2%) |
| Median Home Value | $454,891 |
| Average Home Value | $586,248 |
Housing Distribution
Address Breakdown
Residential
602
Single Family
602
Multi-Family
0
Businesses
55
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Listed by: N/A • N/A
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