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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Old Orchard Beach at 1 E Grand Avenue UNIT 405, Old Orchard Beach, ME, 04064 earns from $2,820/mo rent with a $4,341/mo payment. Total monthly income totals $2,820/mo. ROI tracks 5.55% on current figures, and rental yield reads 3.82% at a $887,000 purchase. Equity gained on principal adds $5,724/yr, and 5% annual appreciation supports $245,062 over five years. Five-year ROI reaches 27.12% and total cumulative return in cash sums $79,138. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,820/mo property income instead of your personal income.
Condo
Built in 2006
1.44 Acres lot
$N/A/sqft
$750 monthly HOA
Neighborhood data shown for ZIP Code: 04064, Old Orchard Beach, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,998 (100%) |
| Owner Occupied HU | 3,397 (48.5%) |
| Renter Occupied HU | 1,513 (21.6%) |
| Vacant Housing Units | 2,088 (29.8%) |
| Median Home Value | $437,987 |
| Average Home Value | $477,398 |
Residential
6,370
Single Family
5,809
Multi-Family
561
Businesses
355
Date | Event | Price |
|---|---|---|
| 2025-05-20 | Listed for sale | $887,000 |
| 2024-09-19 | Listing removed | $875,000 |
| 2024-07-26 | Listed for sale | $875,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-27 | $7688.00 | N/A | $674,419 | N/A |
| 2023-05-27 | $7688.00 | 10.32% | $674,419 | 18.46% |
| 2022-05-27 | $6969.00 | -3.76% | $569,340 | 11.33% |
Listed by: N/A • Coldwell Banker Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1622983
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
