15 Oakview Drive #15Cape ElizabethME04107
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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
Investment property for sale in Cape Elizabeth at 15 Oakview Drive #15, Cape Elizabeth, ME, 04107 uses $148,844 cash to close to unlock $3,071/yr annual cash flow and $256/mo monthly cash flow. Total monthly income runs $3,090/mo, and a $2,198/mo payment keeps the spread at $256/mo. Purchase price stands at $449,000, and rental yield measures 8.26% with $3,090/mo rent. Return on cash invested shows 21.97% in year one, and 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 114.06% and total cumulative return in cash records $169,768. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,090/mo property income covering a $2,198/mo payment rather than investor’s personal income.
Condo
Built in 1981
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04107, Cape Elizabeth, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,176 (100%) |
| Owner Occupied HU | 3,424 (82.0%) |
| Renter Occupied HU | 419 (10.0%) |
| Vacant Housing Units | 333 ( 8.0%) |
| Median Home Value | $683,369 |
| Average Home Value | $814,860 |
Housing Distribution
Address Breakdown
Residential
4,115
Single Family
4,040
Multi-Family
75
Businesses
70
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Listed by: N/A • Town & Shore Real Estate
Mls Name: Maine Listings
Mls ID: #1649986