146 West Grand Avenue #67, Old Orchard Beach, ME, 04064 | 6.63% Rental Yield

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146 West Grand Avenue #67, Old Orchard Beach, ME, 04064 | 6.63% Rental Yield | Ziffy

For Sale

Rental Income

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

Investment property for sale in Old Orchard Beach at 146 West Grand Avenue #67, Old Orchard Beach, ME, 04064 earns from $3,316/mo rent with a $2,937/mo payment. Total monthly income totals $3,316/mo. ROI tracks 17.2% on current figures, and rental yield reads 6.63% at a $599,999 purchase. Equity gained on principal adds $3,872/yr, and 5% annual appreciation supports $165,769 over five years. Five-year ROI reaches 88.42% and total cumulative return in cash sums $174,539. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,316/mo property income instead of your personal income.

Condo

Built in 1985

10.40 Acres lot

$N/A/sqft

No HOA

More details about the property

Rarely Available unit. Ocean Park Meadows, one of Maine's most desired complexs. Pool, Gym, Pickleball and more. Stunning, 3 floor condo.3 Bedrooms, 2.5 baths. Recent Heat pump with air cond. Master bedroom with private ensuite and personal bath-- Personal and private deck too. Sold mostly furnished , with a great rental history. Weekly rentals are allowed..

Neighborhood Data

Neighborhood data shown for ZIP Code: 04064, Old Orchard Beach, ME area.

Housing Distribution

Housing Statistics

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