M16 L16A Walters Island, Augusta, ME, 04330 | $179/mo Cash Flow

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M16 L16A Walters Island, Augusta, ME, 04330 | $179/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Augusta at M16 L16A Walters Island, Augusta, ME, 04330 earns $179/mo cash flow from $968/mo rent with a $612/mo payment. Total monthly income totals $968/mo, and annual cash flow totals $2,147/yr on $41,438 capital. ROI tracks 25.09% on current figures, and rental yield reads 9.29% at a $125,000 purchase. Equity gained on principal adds $807/yr, and 5% annual appreciation supports $34,535 over five years. Five-year ROI reaches 130.79% and total cumulative return in cash sums $54,197. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $968/mo property income instead of your personal income.

Single Family

Built in 1980

0.68 Acres lot

$N/A/sqft

No HOA

More details about the property

13015 - Own a piece of ''Walters Island'' just minutes from the Messalonskee Lake boat launch. This off-grid cabin, nestled among towering pines, offers a private, secluded lakefront experience. Enjoy excellent swimming and fishing right from the shoreline. There's plenty of space for guests to pitch tents, gather around campfires, and sleep under the stars, or take a refreshing moonlight swim. In winter, enjoy ice fishing as the cabin warms easily with a portable propane heater, letting you watch your traps from the comfort of shore. Lake access only.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04330, Augusta, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,622 (100%)
Owner Occupied HU	7,903 (58.0%)
Renter Occupied HU	4,434 (32.6%)
Vacant Housing Units	1,285 ( 9.4%)
Median Home Value	$239,579
Average Home Value	$264,116