14 Scotch Hill Trail #1OgunquitME03907
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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 Ogunquit at 14 Scotch Hill Trail #1, Ogunquit, ME, 03907 generates $3,576/mo in rent, after a $7,733/mo payment. Total monthly income is $3,576/mo. Return on cash invested sits at 5.38% in year one, and rental yield is 2.72% on a $1,580,000 entry. Equity gained on principal adds $10,195/yr, while 5% annual appreciation builds toward $436,525 over five years. Five-year ROI reaches 24.99% and total cumulative return in cash sums $127,920. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,576/mo property income rather than buyer’s personal income.
Condo
Built in 2004
0.98 Acres lot
$N/A/sqft
No HOA
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
0
Businesses
207
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