Waterboro, ME — Rental Investment Analysis
🔴WEAK— appreciation play onlyCap Rate
3.2%
Below average
Monthly Cash Flow
-$1,070
After all expenses
Price-to-Rent
16.6
Overpriced for rent
DSCR
0.50
Fails
📊 Key Metrics
- Median Home Price
- $421,005
- Average Rent (3BR)
- $2,110/mo
- Price-to-Rent Ratio
- 16.6(high)
- 1% Rule
- 0.50%(fails — need 1%+)
- Cash-on-Cash Return
- -13.7%
- Vacancy Rate
- 8.0%
📈 Market Strength
- Unemployment Rate
- 3.1%(-1.2% vs national)
- Rent Growth (YoY)
- +2.9%(national avg)
- Population Growth
- +2.1500000000000004% YoY
Assumptions Used
20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance
Customize these numbers →Property Tax Rate
1.24%
of assessed value (ME avg)
Median Income
$64,767
household (ME avg)
Rent-to-Income
39.1%
Stretched
Section 8 Max Rent
$2,110/mo
3BR voucher payment
🏛️ ME Investor Climate
Landlord Friendly
5/10
State Income Tax
Has state tax
Property Tax
1.24% effective
Population Trend
+2.1500000000000004% (3yr)