Lot 11 Spruce Knoll RoadWiscassetME04578
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
Rental property for sale in Wiscasset at Lot 11 Spruce Knoll Road, Wiscasset, ME, 04578 offers $3,226/mo rent that, after a $2,934/mo payment. Total monthly income is $3,226/mo. Return on cash invested measures 16.67% in year one, and rental yield stands at 6.46% at a $599,500 entry. Equity gained on principal adds $3,868/yr while 5% annual appreciation compounds into $165,631 by year five. Five-year ROI records 85.6% and total cumulative return in cash reaches $168,839. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,226/mo property income versus a $2,934/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04578, Wiscasset, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,483 (100%) |
| Owner Occupied HU | 1,636 (65.9%) |
| Renter Occupied HU | 421 (17.0%) |
| Vacant Housing Units | 426 (17.2%) |
| Median Home Value | $340,434 |
| Average Home Value | $407,550 |
Housing Distribution
Address Breakdown
Residential
1,997
Single Family
1,973
Multi-Family
24
Businesses
160
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