105 E Grand Avenue UNIT 7Old Orchard BeachME04064
Nearby investment properties with comparable rents
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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 105 E Grand Avenue UNIT 7, Old Orchard Beach, ME, 04064 at $458,000 posts ROI 9.22% with from $1,928/mo rent. Total monthly income equals $1,928/mo. Return on cash invested measures 9.22% and rental yield reads 5.05% at the current $458,000. Equity gained on principal adds $2,955/yr, and 5% annual appreciation supports $126,537 by year five. Five-year ROI prints 46.84% and total cumulative return in cash totals $71,109. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,928/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1984
0.58 Acres lot
$N/A/sqft
$389 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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Nearby investment properties with comparable prices
Listed by: N/A • RE/MAX Realty One
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1618197
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