11 Smithwheel Road #15, Old Orchard Beach, ME, 04064 | $1,872/mo Cash Flow

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11 Smithwheel Road #15, Old Orchard Beach, ME, 04064 | $1,872/mo Cash Flow | Ziffy

Pending

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

Investment property for sale in Old Orchard Beach at 11 Smithwheel Road #15, Old Orchard Beach, ME, 04064 listed at $399,000 pairs $4,390/mo rent with a $1,953/mo payment to leave $1,872/mo cash flow. Total monthly income runs $4,390/mo, and annual cash flow reaches $22,461/yr on $132,269 cash to close. Return on cash invested measures 36.89% in year one, and rental yield registers 13.2% at a $399,000 basis. Equity gained on principal adds $2,575/yr, and annual property appreciation at 5% supports $110,236 by year five. Five-year ROI tracks 194.07% and total cumulative return in cash totals $256,694. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,390/mo property income relative to a $1,953/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2022

5.20 Acres lot

$N/A/sqft

No HOA

More details about the property

Motivated to Sell: Your coastal getaway awaits. Welcome to this bright, spacious 3 bedroom, 2 1/2 bath townhouse style condo. Just 2 miles from the sandy shores of Old Orchard beach. Whether you are looking for a year-round home, seasonal retreat or smart investment, this move in ready condo offers the perfect blend of modern comfort and coastal charm. Step inside and find stylish plank flooring, and a modern kitchen ideal for entertaining. A convenient 1/2 bath and in unit laundry are located on the first level. Upstairs are 3 generously sized bedrooms including a primary suite with private bath. Need more room? The fully finished 3rd floor offers endless possibilities- use it as a playroom, home office, game room or extra storage. With easy access to I95 and just minutes from beaches, restaurants and attractions, this low maintenance condo is your ideal escape.

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