12 Scotch Hill Trail #2, Ogunquit, ME, 03907 | 1.56% Rental Yield

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12 Scotch Hill Trail #2, Ogunquit, ME, 03907 | 1.56% 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 Ogunquit at 12 Scotch Hill Trail #2, Ogunquit, ME, 03907 offers $2,206/mo rent that, after a $8,296/mo payment. Total monthly income is $2,206/mo. Return on cash invested measures 1.82% in year one, and rental yield stands at 1.56% at a $1,695,000 entry. Equity gained on principal adds $10,938/yr while 5% annual appreciation compounds into $468,297 by year five. Five-year ROI records 5.88% and total cumulative return in cash reaches $32,289. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,206/mo property income versus a $8,296/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Condo

Built in 2004

0.98 Acres lot

$N/A/sqft

No HOA

More details about the property

Step into this newly renovated home located in Ogunquit Village. 12 Scotch Hill Trail is centrally located, so in just 10 minutes, you can reach Ogunquit's famous Main Beach, take a trolley ride to explore the beautiful Perkins Cove, or enjoy the stunning views along the Marginal Way. This 2300 sqft, 3 bedroom, 3 1/2 bath home was built for entertaining. The ''heart of the home,'' the kitchen, has been fully renovated to an open-concept 550 sqft gourmet dream kitchen with state-of-the-art appliances and stylish finishes with an oversized island that seats six. The dining area, living room with gas fireplace, and half bath complete the first floor. Making your way upstairs, you'll find the primary bedroom with en-suite bath, two additional bedrooms, each generously proportioned, with all newly renovated bathrooms. Ensuring that there is ample space for all, the third floor loft area provides additional sleeping quarters and yet another full bathroom the home's newest upgrade. Beyond the renovated bathrooms and kitchen, the lower level has been transformed into an in-home gym which leads out to the backyard patio, complete with a beautiful custom-made stone wood fireplace where you will find yourself after a day at the beach where you can listen to the serene sounds of a seasonal babbling stream and the invigorating scent of the ocean breeze, transporting you to a state of relaxation. Don't miss this opportunity to make this year-round property your own, whether as a personal retreat or as an investment property. Ogunquit is calling you to create unforgettable memories in this captivating coastal town. **more photos to come**

Neighborhood Data

Neighborhood data shown for ZIP Code: 03907, Ogunquit, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,075 (100%)
Owner Occupied HU	717 (34.6%)
Renter Occupied HU	116 ( 5.6%)
Vacant Housing Units	1,242 (59.9%)
Median Home Value	$812,500
Average Home Value	$897,333