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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Old Orchard Beach at 11 Wilson Drive, Old Orchard Beach, ME, 04064 priced at $139,000 pairs $2,687/mo rent with $1,810/mo cash flow after a $680/mo payment. Total monthly income equals $2,687/mo, and annual cash flow comes to $21,721/yr on $46,079 invested. Return on cash invested is 67.05% in year one, and rental yield stands at 23.2% on a $139,000 basis. Equity gained on principal adds $897/yr, and 5% annual appreciation accumulates to $38,403 by year five. Five-year ROI measures 355.86% and total cumulative return in cash reaches $163,976. For financing, Ziffy Mortgage’s DSCR program evaluates $2,687/mo property income against a $680/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 04064, Old Orchard Beach, ME area.
| 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 |
Residential
6,370
Single Family
5,809
Multi-Family
561
Businesses
355
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: N/A • Coldwell Banker Realty
Mls Name: Maine Listings
Mls ID: #1638370
