3 Pine Hill Drive #3
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Nearby Schools
Educational options and performance ratings in the area.
Fisher-Mitchell School
Bath Middle School
Morse High School
Property Overview
A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.
Features & Amenities
Haven AI Verdict
Data provided by Haven AI. Disclaimer
Haven AI
This 3-bedroom condo in Bath, ME, presents a stable entry-point investment at a competitive $289,000 price point. A gross rental yield of 7.42% is respectable for the region, supported by the area's steady demand from major employers like Bath Iron Works. However, the monthly cash flow of $324.96 is relatively thin for a 3-unit bedroom property once accounting for property management and maintenance reserves. As a condo, the primary risk lies in HOA fee volatility and special assessments, which could easily evaporate the current cash flow margin. The 4% appreciation is realistic, but conservative investors should prioritize the immediate yield given the modest monthly surplus.
- • High utility 3-bed, 2-bath configuration increases tenant retention
- • Strong gross rental yield of 7.42% exceeds many comparable coastal markets
- • Stable local economy driven by established industrial employers
- • Accessible entry price for a multi-bedroom asset
- • Monthly cash flow margin of $325 is vulnerable to HOA fee increases
- • Special assessments represent a significant tail risk for condo investments
- • Limited control over exterior maintenance costs and capital improvements
- • 3-bedroom units may face higher turnover costs compared to smaller units
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-06-05 | Pending sale | $289,000 | $225 |
| 2026-06-04 | Sold | $294,000 | $229 |
| 2026-04-22 | Contingent | $289,000 | $225 |
| 2026-04-15 | Listed for sale | $289,000 | $225 |
| 2021-03-15 | Sold | $175,000 | $136 |
| 2021-02-08 | Listed for sale | $155,000 | $121 |
Investment Numbers & Operating Model
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Multi-factor yield grade
NOI: $16,214/yr
On $66,470 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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