2 Camden Street Ter · Rockland, ME 04841

$199,000

3 bd · 1.0 ba · 1,020 sqft · Manufactured public records · 119 Days on market

Built 1969 6,534 sqft lot $195/sqft · 21% below area Est $253k · 21% under

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +23.1/30.0
• ARV discount +15.0/15.0
• DSCR +7.4/10.0
• Schools +6.8/10.0
• 1% rule +5.3/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

New Furnace installed February 2026! 2 Camden Street Terrace is a 3-bedroom, 1-bath home located right in the heart of vibrant Rockland. Just a short stroll from downtown shops, restaurants, galleries, and all the town's amenities, this home offers convenience for those looking to be close to everything. Additional recent upgrades include a new roof in 2025, as well as fresh interior paint throughout, giving the space a clean, refreshed feel. The layout offers comfortable one-floor living, with a functional kitchen, bright living area, and three bedrooms. This home presents a great opportunity to own in one of Maine's most lively coastal communities. Schedule your showing today and explore the potential at 2 Camden Street Terrace.

Key facts

• Functional kitchen
• New furnace
• One-floor living

Tags

• NEW FURNACE
• NEW ROOF
• FRESH INTERIOR PAINT
• ONE-FLOOR LIVING
• FUNCTIONAL KITCHEN
• COZY LIVING AREA

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath manufactured listed at $199k.

Deal economics

• At list price, monthly cash flow is $357 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $199k).
• Recommended offer: $181k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.4% vs local median 3.3% in Rockland — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 62/100 on livability (#116 in ME) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: schools D, amenities F, commute F.
• RSU 13 (town): math 77% / reading 85% proficiency, ranked #84 of 112 in ME (top 75%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Market conditions: 71 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 160 units permitted in Knox County in 2024 (58 in 5+ unit buildings).
• This rent runs 43% of the median local income ($57k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Knox County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 119 days — a 9% lower offer ($181k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 15y ago; this cycle's ask has dropped $50k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $55k; list at $199k implies a 262% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 77% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $181,090 (9.0% below list)

Questions for the listing agent

1. It's been on market 119 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.03% ✓
• Cap rate: 8.45%
• Cash-on-cash: 7.70%
• DSCR: 1.34
• GRM: 8.1

CMA / ARV

• ARV (median comp): $253,102
• List price: $199,000
• Delta: -21.38%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -4.6%
• Equity multiple: 0.83×
• Total profit: $-9,525
• Equity at exit: $29,672

10-year hold

• IRR: 5.1%
• Equity multiple: 1.37×
• Total profit: $20,849
• Equity at exit: $17,206

Cash invested: $55,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 41 Moderately Tenant-Leaning
• State Maine: 41 Moderately Tenant-Leaning · D+2
• County: — inherits STATE
• City: — inherits STATE

Portland has rent control referendum (2020); strong habitability; security deposit caps.

Methodology + full state rankings →

ZIP-level market 04841

• Home prices YoY: -17.8%
• Active inventory: 71
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $2,045 medium
• Mortgage (P&I): −$1,044
• Tax from tax record: −$132 /mo · $1,578/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$429
• Net cashflow: $357

Break-even live

Break-even rent $1,592

Max offer price $199,000

Occupancy floor 78%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $49,750
• Closing costs: $5,970
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
117 N Main St Unit C Rockland, ME	2.0	1.0	800	$1,700	$2.12	44d	1	0.38mi
154 N Main St Unit 2 Rockland, ME	3.0	1.0	850	$2,000	$2.35	19d	1	0.40mi
26 State St #2 Rockland, ME	2.0	1.0	800	$1,700	$2.12	14d	1	1.31mi

Listing history 23 events

1. 2026-06-18
   price $199,000 Active 119 DOM
2. 2026-06-18
   days on market $225,000 Active 119 DOM
3. 2026-06-17
   days on market $225,000 Active 118 DOM
4. 2026-06-16
   days on market $225,000 Active 117 DOM
5. 2026-06-15
   days on market $225,000 Active 116 DOM
6. 2026-06-14
   days on market $225,000 Active 114 DOM
7. 2026-06-10
   days on market $225,000 Active 111 DOM
8. 2026-06-09
   days on market $225,000 Active 110 DOM
9. 2026-06-09
   price $225,000 Active 109 DOM
10. 2026-06-08
    days on market $249,000 Active 109 DOM
11. 2026-06-07
    days on market $249,000 Active 108 DOM
12. 2026-06-03
    days on market $249,000 Active 104 DOM
13. 2026-06-02
    days on market $249,000 Active 103 DOM
14. 2026-06-01
    days on market $249,000 Active 102 DOM
15. 2026-05-31
    days on market $249,000 Active 101 DOM
16. 2026-05-31
    days on market $249,000 Active 100 DOM
17. 2026-02-19
    listed $249,000 Active 740-char remark

    Show marketing remark (740 chars)

    New Furnace installed February 2026! 2 Camden Street Terrace is a 3-bedroom, 1-bath home located right in the heart of vibrant Rockland. Just a short stroll from downtown shops, restaurants, galleries, and all the town's amenities, this home offers convenience for those looking to be close to everything. Additional recent upgrades include a new roof in 2025, as well as fresh interior paint throughout, giving the space a clean, refreshed feel. The layout offers comfortable one-floor living, with a functional kitchen, bright living area, and three bedrooms. This home presents a great opportunity to own in one of Maine's most lively coastal communities. Schedule your showing today and explore the potential at 2 Camden Street Terrace.

18. 2025-10-31
    price $275,000
19. 2025-10-14
    price $289,000
20. 2013-06-28
    soldstatus $55,000
21. 2011-08-26
    soldstatus $55,000
22. 2011-08-25
    soldstatus $55,000
23. 2011-05-20
    listed $59,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast ME · Partial reset (capped growth)

• Current annual tax: $1,578 · $132/mo
• Projected year-2 tax: $2,142 · $179/mo
• Expected delta: +$564/yr (+$47/mo · 35.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥85°F today · 17 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 77% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,538
• − Mortgage interest: −$11,147
• − Property taxes: −$1,578
• − Insurance: −$995
• − Repairs & maintenance: −$1,963
• − Management: −$1,963
• − Depreciation: −$5,789
• Taxable income: $1,102
• Est. tax owed @ 24.0%: −$265
• After-tax cash flow: $4,024/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: RSU 13
• NCES district ID: 2314787
• Math proficiency: 77% ▲ 51.00%
• Reading proficiency: 85% ▲ 36.00%
• Median HH income: $43,177
• Composite: 67.81/100
• National rank: #363
• State rank: #84 of 112 in ME

Livability — Rockland

• Score: 62/100
• State rank: #116
• US rank: #16831

Category grades

Amenities F Commute F Cost of living A+ Crime A- Employment D- Housing A+ Health & safety D- User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rockland, ME
• County: Knox County · 7,035 people
• City population: 7,035
• Metro: nan
• Population (ZIP): 7,035
• Household income: $56,533
• Rent vs Own: 38.0% rent · 62.0% own
• Severe rent burden: 279.0

Population outlook (Knox County) Hauer SSP2

• Today (2025): 39,304 people
• By 2030: 38,497 · -2.1%
• By 2040: 36,090 · -8.2%
• By 2050: 33,681 · -14.3%
• By 2075: 29,934 · -23.8%
• By 2100: 24,633 · -37.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (97%)
• Race & ethnicity: White 97% Two or more races 3%
• Common ancestry: Slovak 12% Serbian 8% Lithuanian 5%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · French/Haitian/Cajun 2%

Political lean MEDSL · Knox

• 2024 margin: D (+18.6) · D 58.2% · R 39.6% · Other 2.1%
• 2008→2024 swing: -2.8pp toward R · 2008: 21.4pp · 2024: 18.6pp
• All cycles: 2024: D+18.6 2020: D+19.9 2016: D+14.3 2012: D+22.6 2008: D+21.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -73.90%
• Current HPI: 341.7862
• Rent YoY: —
• Metro: nan
• State GDP YoY: —
• F500 in state: 0

Price history

+322.0% since first listed

7 events — show timeline

• 2026-02-19 Listed $249,000 MREIS
• 2025-10-31 Price Changed $275,000 MREIS
• 2025-10-14 Price Changed $289,000 MREIS
• 2013-06-28 Sold (MLS) $55,000 MREIS
• 2011-08-26 Sold (Public Records) $55,000 Public Records
• 2011-08-25 Sold (MLS) $55,000 MREIS
• 2011-05-20 Listed $59,000 MREIS

Property tax history

+4.4%/yr

Latest (2025): $1,578 · +32.6% YoY. Source: county tax records.