1 Teal Point Drive UNIT 1, Scarborough, ME, 04074 | 8.77% Rental Yield

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1 Teal Point Drive UNIT 1, Scarborough, ME, 04074 | 8.77% Rental Yield | Ziffy

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 Scarborough at 1 Teal Point Drive UNIT 1, Scarborough, ME, 04074 priced at $599,000 pairs $4,378/mo rent with after a $2,932/mo payment. Total monthly income equals $4,378/mo. Return on cash invested is 19.83% in year one, and rental yield stands at 8.77% on a $599,000 basis. Equity gained on principal adds $3,865/yr, and 5% annual appreciation accumulates to $165,493 by year five. Five-year ROI measures 103.97% and total cumulative return in cash reaches $204,886. For financing, Ziffy Mortgage’s DSCR program evaluates $4,378/mo property income against a $2,932/mo payment instead of your W2s, 1099s, or Tax returns.

Condo

Built in 1996

N/A lot

$N/A/sqft

$635 monthly HOA

More details about the property

Come take a look at this charming condo in the highly sought-after Teal Point Condominium Association. It's back on the market after a short break! This condo offers - * Open first-floor layout with vaulted ceilings in the living room, dining area, and kitchen.* Two first-floor bedrooms and two full baths.* Inviting three-season porch with a view of the private backyard.* Second-floor loft, perfect as a sitting room overlooking the living room.* Second-floor bedroom with ample closet space and its own bathroom.* Full two-car garage and basement - plenty of storage.* And for peace of mind a brand new boiler installed February 2025 The Teal Point community offers a fantastic location, just minutes from everything Scarborough has to offer. You'll find shopping, the Eastern Trail, public beaches, and golf courses all within a short drive, and the vibrant Old Port is just 7 miles away.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04074, Scarborough, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,980 (100%)
Owner Occupied HU	7,257 (66.1%)
Renter Occupied HU	2,431 (22.1%)
Vacant Housing Units	1,292 (11.8%)
Median Home Value	$610,244
Average Home Value	$700,977

Housing Distribution

Address Breakdown

Residential

10,395

Single Family

9,453

Multi-Family

942

Businesses

910

Price History

Date	Event	Price
2025-05-17	Listed for sale	$599,000
2025-05-05	Listing removed	$615,000
2025-04-08	Listed for sale	$615,000

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
No tax history data available

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5 Brooks Street, Kennebunkport, ME, 04046

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4 Bed
2 Bath
1455 sft

4 Avenue Six, Scarborough, ME, 04074

3 Bed
3 Bath
2142 sft

11 Smithwheel Road #15, Old Orchard Beach, ME, 04064

Nearby investment properties with comparable prices

2 Bed
1 Bath
1824 sft

6 Evening Place, Kennebunkport, ME, 04046

4 Bed
2 Bath
1723 sft

55 Black Point Road, Scarborough, ME, 04074

Rental Income+ 1 more

3 Bed
2 Bath
1475 sft

60 Fern Park Avenue, Old Orchard Beach, ME, 04064

Currently Rented+ 1 more

4 Bed
4 Bath
2558 sft

42 Storer Street, Saco, ME, 04072

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Condo
Year Built: 1996
Architectural Style: Cape Cod
Building Area: 1,523
Living Area: 1,523 sqft
Property Condition: N/A

Features & Amenities

Heating: Hot Water, Baseboard
Cooling: None
Flooring: Vinyl, Tile, Carpet
Interior Features: 1st Floor Primary Bedroom w/Bath, Bathtub, Pantry, Shower, Storage
Exterior Features: N/A
Parking Features: 1 - 4 Spaces, Paved

Location

City: Scarborough
State: ME
Subdivision: Teal Point Association
Lot Size: N/A
Lot Features: Level, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood
View: N/A

HOA & Fees

HOA Fee: $635 monthly
Association Fee: $635 monthly
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: N/A
Sewer: Public Sewer
Water Source: Public
Road Surface Type: Paved

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: N/A • Regency Realty Group

Mls Name: Maine Listings

Mls Provider: Mls

Mls ID: #1618407

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

1 Teal Point Drive UNIT 1,Scarborough,ME,04074

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

1 Teal Point Drive UNIT 1ScarboroughME04074