1 Seacoast Lane Off Ross Rd #64Old Orchard BeachME04064
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Old Orchard Beach at 1 Seacoast Lane Off Ross Rd #64, Old Orchard Beach, ME, 04064 priced at $108,600 converts $863/mo rent into $177/mo cash flow after a $532/mo obligation. Total monthly income equals $863/mo, and annual cash flow totals $2,126/yr on $36,001 invested. Return on cash invested prints 25.81% in year one, and rental yield reads 9.54% against a $108,600 entry. Equity gained on principal adds $701/yr, while 5% annual appreciation compiles into $30,004 by year five. Five-year ROI reaches 134.77% and total cumulative return in cash sums $48,520. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $863/mo property income covering a $532/mo payment, not borrower’s personal income.
Manufactured
Built in 2014
N/A 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 |
Housing Distribution
Address Breakdown
Residential
6,370
Single Family
5,809
Multi-Family
561
Businesses
355
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A