BOOTHBAY HARBOR rent to own home - a single family home (4 beds, 2 baths)

This is not a list price. This is an estimate price for the property provided by FirstAmerican. Please note that this is only an estimate and should not be taken as fact or advice. When a list price becomes available we will publish it and along with changes to the contact information.Estimated Value: $518,887
Incredible Investment Property! TWO homes on separate lots- next door to each other. The main home is 4 br , 2 BA, two story, classic home ith Harbor views and hardwood floors. Sleeps 10! Maine home photos coming Soon!The guest house is 900 sq ft, 2 story , 2 bedroom, newly renovated, Mini Barn! The barn has hardwoods and Brand new furnishings, bedding & everything you need for a high end airbnb rental. Sleeps 4, Custom slipcovered down sofa, Egyptian cotton linens, real linen curtains, fireplace, authentic, original barn door and more ! The barn was completely renovated & turned into a very successful airbnb with 109 reviews and a 5 rating, in 2018. No prior appraisal has included the Mini barn/cottage in the value of the home. All appraisals list only the single 4 BR home. This is the discrepancy in listing price vs appraisal price. Financial records will be provided and show that Expected rental income for the guest house alone will exceed $35,000 per year And if both houses are rented Spring- December, over $100,000 in rental income per year. The property will pay for itself in 5 years! The guest house is the #1 vacation rental in Boothbay Harbor on Airbnb! The main house , w...

Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.

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