13 Ledge Road UNIT 3, Ogunquit, ME, 03907 | 3.84% Rental Yield

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13 Ledge Road UNIT 3, Ogunquit, ME, 03907 | 3.84% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

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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

Total monthly income runs $2,160/mo, and a $3,304/mo payment. Purchase price stands at $675,000, and rental yield measures 3.84% with $2,160/mo rent. Return on cash invested shows 7.36% in year one, and 5% annual appreciation builds toward $186,490 over five years. Five-year ROI reaches 36.17% and total cumulative return in cash records $80,331. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,160/mo property income covering a $3,304/mo payment rather than investor’s personal income.

Condo

Built in 1920

N/A lot

$N/A/sqft

$250 monthly HOA

More details about the property

The outstanding location is half way between Ogunquit Center and Perkins Cove making this stand alone condo cottage a rare offering. Completely gutted and remodeled in 2018 and freshly painted and furnished, it has charm! Low fee, easy maintenance, 2 pets and rentals allowed. Laundry, appliances, 2 parking spaces, patio. Walk to restaurants, shopping, beach and leave your car behind.

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

Housing Distribution

Address Breakdown

Residential

435

Single Family

435

Multi-Family

Businesses

207

Price History

Date	Event	Price
2025-05-25	Listed for sale	$675,000
2012-06-30	Listing removed	$349,900
2012-06-13	Listed for sale	$349,900

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
2024-05-28	$3082.00	N/A	$477,100	N/A
2023-05-28	$3082.00	2.22%	$477,100	N/A
2022-05-28	$3015.00	11.09%	$477,100	43.10%

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2 Bed
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9A The Crossings at Village Center Drive, Barrington, NH, 03825

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10 Ocean House Way UNIT 10, York, ME, 03909

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1 Varrell Lane UNIT 1 & 2, York, ME, 03909

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Condo
Year Built: 1920
Architectural Style: Cottage
Building Area: 567
Living Area: 567 sqft
Property Condition: N/A

Features & Amenities

Heating: Other, Heat Pump, Blowers
Cooling: Heat Pump
Flooring: Tile, Laminate
Interior Features: Shower
Exterior Features: N/A
Parking Features: Reserved Parking, 1 - 4 Spaces, Paved, Common, Off Street, Tandem

Location

City: Ogunquit
State: ME
Subdivision: N/A
Lot Size: N/A
Lot Features: Near Public Beach, Near Shopping, Neighborhood
View: N/A

HOA & Fees

HOA Fee: $250 monthly
Association Fee: $250 monthly
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: N/A
Sewer: Public Sewer
Water Source: Public
Road Surface Type: Paved

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: N/A • The Aland Realty Group, LLC

Mls Name: Maine Listings

Mls Provider: Mls

Mls ID: #1624002

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

13 Ledge Road UNIT 3,Ogunquit,ME,03907

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

13 Ledge Road UNIT 3OgunquitME03907