113 W Grand AvenueOcean ParkME04063
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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
Rental property for sale in Ocean Park at 113 W Grand Avenue, Ocean Park, ME, 04063 offers $2,905/mo rent that, after a $2,687/mo payment. Total monthly income is $2,905/mo. Return on cash invested measures 16.34% in year one, and rental yield stands at 6.35% at a $549,000 entry. Equity gained on principal adds $3,543/yr while 5% annual appreciation compounds into $151,679 by year five. Five-year ROI records 83.86% and total cumulative return in cash reaches $151,472. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,905/mo property income versus a $2,687/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04063, Ocean Park, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 626 (100%) |
| Owner Occupied HU | 140 (22.4%) |
| Renter Occupied HU | 144 (23.0%) |
| Vacant Housing Units | 342 (54.6%) |
| Median Home Value | $538,194 |
| Average Home Value | $570,357 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
21
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Listed by: N/A • Coldwell Banker Realty
Mls Name: Maine Listings
Mls ID: #1649978