1 Melvin Avenue, Old Orchard Beach, ME, 04064 | $461/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Rental property for sale in Old Orchard Beach at 1 Melvin Avenue, Old Orchard Beach, ME, 04064 priced at $354,500 converts $2,698/mo rent into $461/mo cash flow after a $1,735/mo obligation. Total monthly income equals $2,698/mo, and annual cash flow totals $5,529/yr on $117,517 invested. Return on cash invested prints 24.61% in year one, and rental yield reads 9.13% against a $354,500 entry. Equity gained on principal adds $2,288/yr, while 5% annual appreciation compiles into $97,942 by year five. Five-year ROI reaches 128.22% and total cumulative return in cash sums $150,683. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,698/mo property income covering a $1,735/mo payment, not borrower’s personal income.

Single Family

Built in 1929

0.28 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 04064, Old Orchard Beach, ME area.

Housing Distribution

Housing Statistics

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