TBD Ridge Road Lot # 1North BerwickME03906
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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 North Berwick at TBD Ridge Road Lot # 1, North Berwick, ME, 03906 priced at $774,900 converts $3,480/mo rent into after a $3,793/mo obligation. Total monthly income equals $3,480/mo. Return on cash invested prints 13.11% in year one, and rental yield reads 5.39% against a $774,900 entry. Equity gained on principal adds $5,000/yr, while 5% annual appreciation compiles into $214,091 by year five. Five-year ROI reaches 66.6% and total cumulative return in cash sums $169,799. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,480/mo property income covering a $3,793/mo payment, not borrower’s personal income.
Single Family
Built in 2025
1.49 Acres lot
$N/A/sqft
$800 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03906, North Berwick, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,228 (100%) |
| Owner Occupied HU | 1,733 (77.8%) |
| Renter Occupied HU | 357 (16.0%) |
| Vacant Housing Units | 138 ( 6.2%) |
| Median Home Value | $453,463 |
| Average Home Value | $469,577 |
Housing Distribution
Address Breakdown
Residential
1,882
Single Family
1,832
Multi-Family
50
Businesses
107
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Listed by: N/A • Better Homes & Gardens Real Estate/The Masiello Group
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1616707
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