Lot 15 Collins Cove RoadMachiasportME04655
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowLot 15 Collins Cove Road, Machiasport, ME, 04655 in Machiasport earns its strong cash-flow label: 24.07% yield, $2,267/mo rent, $1,485/mo net income, DSCR 4.46. The $113,000 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $31,220 by year five. Combined with $1,041/yr in principal paydown, total projected return reaches $138,806.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 24.1% | 6.0% |
| Monthly Cash Flow | $1,485 | $500 |
City averages based on Machiasport market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,267 |
| Total Monthly Debt Service | $737 |
| DSCR Ratio | 3.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Lot
Built in N/A
2.24 Acres lot
$N/A/sqft
$820 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04655, Machiasport, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 575 (100%) |
| Owner Occupied HU | 326 (56.7%) |
| Renter Occupied HU | 58 (10.1%) |
| Vacant Housing Units | 191 (33.2%) |
| Median Home Value | $228,571 |
| Average Home Value | $283,804 |
Housing Distribution
Address Breakdown
Residential
362
Single Family
362
Multi-Family
0
Businesses
16
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
Lot
Built in N/A
2.24 Acres lot
$N/A/sqft
$820 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04655, Machiasport, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 575 (100%) |
| Owner Occupied HU | 326 (56.7%) |
| Renter Occupied HU | 58 (10.1%) |
| Vacant Housing Units | 191 (33.2%) |
| Median Home Value | $228,571 |
| Average Home Value | $283,804 |
Housing Distribution
Address Breakdown
Residential
362
Single Family
362
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Better Homes & Gardens Real Estate/The Masiello Group
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1575658
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. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782