15 Salt Point Drive UNIT 11, Old Orchard Beach, ME, 04064 | 5.38% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

15 Salt Point Drive UNIT 11, Old Orchard Beach, ME, 04064 | 5.38% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1478 sft

99 Country Way, North Berwick, ME, 03906

3 Bed
2 Bath
1589 sft

50 Village Green Drive Extension, Ogunquit, ME, 03907

3 Bed
1 Bath
912 sft

342 Elm Street, Biddeford, ME, 04005

3 Bed
2 Bath
1390 sft

19 Fall Street, Biddeford, ME, 04005

Nearby investment properties with comparable prices

4 Bed
2 Bath
1356 sft

25 Towhee Lane, Ogunquit, ME, 03907

4 Bed
2 Bath
1320 sft

14 Union Avenue UNIT B, Old Orchard Beach, ME, 04064

3 Bed
3 Bath
2042 sft

110 Spinnaker Ridge Drive #29, Wells, ME, 04090

4 Bed
2 Bath
2553 sft

121 Log Cabin Road, Kennebunkport, ME, 04046

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Old Orchard Beach at 15 Salt Point Drive UNIT 11, Old Orchard Beach, ME, 04064 listed at $725,000 pairs $3,248/mo rent with a $3,549/mo payment. Total monthly income runs $3,248/mo. Return on cash invested measures 11.11% in year one, and rental yield registers 5.38% at a $725,000 basis. Equity gained on principal adds $4,678/yr, and annual property appreciation at 5% supports $200,304 by year five. Five-year ROI tracks 56.62% and total cumulative return in cash totals $135,065. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,248/mo property income relative to a $3,549/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2024

2.68 Acres lot

$N/A/sqft

$450 monthly HOA

More details about the property

Come enjoy the peaceful living at The Overlook. This location abounds with nature, smells of the ocean air and just a stone's throw from 7 miles of southern Maine's most treasured beach. Walk to the beach, take a dip in the heated inground saltwater pool, dine at local restaurants, hike out to the marsh, bike to the local attractions in the heart of Old Orchard Beach or simply relax on your sun-drenched deck and listen to the waves. The townhouse units offer heated drive under parking, large open concept kitchen living area above along with two beds on the top floor each with their own bath, and in-unit laundry between bedrooms for your convenience. Enjoy the optional upgrade high-end finishes, view through stairs, and balcony. 25 Luxury Townhouse units - Phase 1 includes 9 units that are complete and ready for occupancy the remaining 16 units to be built in Phase 2. All units are fully sprinkled on all floors per local code requires for your safety. Public right of way east and west of the development within 1500 ft puts you steps away from the soft sands of Pine Point and stunning sunset views. Review the associated site plan and unit positions offered and see what your future holds at The Overlook.

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

Housing Distribution

Address Breakdown

Residential

6,370

Single Family

5,809

Multi-Family

561

Businesses

355

Price History

Date	Event	Price
2025-01-03	Listed for sale	$725,000
2024-12-30	Listing removed	$725,000
2024-09-20	Listed for sale	$725,000

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
No tax history data available

Nearby investment properties with comparable rents

3 Bed
2 Bath
1478 sft

99 Country Way, North Berwick, ME, 03906

3 Bed
2 Bath
1589 sft

50 Village Green Drive Extension, Ogunquit, ME, 03907

3 Bed
1 Bath
912 sft

342 Elm Street, Biddeford, ME, 04005

3 Bed
2 Bath
1390 sft

19 Fall Street, Biddeford, ME, 04005

Nearby investment properties with comparable prices

4 Bed
2 Bath
1356 sft

25 Towhee Lane, Ogunquit, ME, 03907

4 Bed
2 Bath
1320 sft

14 Union Avenue UNIT B, Old Orchard Beach, ME, 04064

3 Bed
3 Bath
2042 sft

110 Spinnaker Ridge Drive #29, Wells, ME, 04090

4 Bed
2 Bath
2553 sft

121 Log Cabin Road, Kennebunkport, ME, 04046

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Condo
Year Built: 2024
Architectural Style: Townhouse
Building Area: 1,264
Living Area: 1,264 sqft
Property Condition: To Be Built

Features & Amenities

Heating: Heat Pump
Cooling: Heat Pump
Flooring: N/A
Interior Features: N/A
Exterior Features: N/A
Parking Features: 1 - 4 Spaces, Paved, Common, Tandem

Location

City: Old Orchard Beach
State: ME
Subdivision: N/A
Lot Size: 2.68 Acres
Lot Features: Level, Abuts Conservation, Near Golf Course, Near Public Beach, Near Railroad
View: Scenic

HOA & Fees

HOA Fee: $450 monthly
Association Fee: $450 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 • Better Homes & Gardens Real Estate/The Masiello Group

Mls Name: Maine Listings

Mls Provider: Mls

Mls ID: #1611926

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

15 Salt Point Drive UNIT 11,Old Orchard Beach,ME,04064

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

15 Salt Point Drive UNIT 11Old Orchard BeachME04064