Lot 4 Otter Pond RoadHarmonyME04942
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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 Harmony at Lot 4 Otter Pond Road, Harmony, ME, 04942 priced at $359,000 converts $0/mo rent into after a $1,757/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -3.06% in year one, and rental yield reads 0% against a $359,000 entry. Equity gained on principal adds $2,317/yr, while 5% annual appreciation compiles into $99,185 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $1,757/mo payment, not borrower’s personal income.
Single Family
Built in 1930
0.90 Acres lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04942, Harmony, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,142 (100%) |
| Owner Occupied HU | 493 (43.2%) |
| Renter Occupied HU | 61 ( 5.3%) |
| Vacant Housing Units | 588 (51.5%) |
| Median Home Value | $237,981 |
| Average Home Value | $249,696 |
Housing Distribution
Address Breakdown
Residential
546
Single Family
546
Multi-Family
0
Businesses
19
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: N/A • Whittemore's Real Estate
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1618733
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