1 Saunders Ave UNIT 12Old Orchard BeachME04064
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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
Investment Highlights
Investment property for sale in Old Orchard Beach at 1 Saunders Ave UNIT 12, Old Orchard Beach, ME, 04064 with 5% annual appreciation on a $873,800 basis while $2,944/mo rent supports operations. 27% in year one. Equity gained on principal adds $5,638/yr, and five-year appreciation sums $241,415 alongside rental yield of 4.04%. Five-year ROI measures 40.94% and total cumulative return in cash totals $117,702. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,944/mo property income versus a $4,277/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1987
5,662 sqft lot
$N/A/sqft
$254 monthly 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 |
Housing Distribution
Address Breakdown
Residential
6,370
Single Family
5,809
Multi-Family
561
Businesses
355
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