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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Falmouth at 16 Old Oak Way UNIT 16, Falmouth, ME, 04105 priced at $1,350,000 converts $5,400/mo rent into after a $6,608/mo obligation. Total monthly income equals $5,400/mo. Return on cash invested prints 11.35% in year one, and rental yield reads 4.8% against a $1,350,000 entry. Equity gained on principal adds $8,711/yr, while 5% annual appreciation compiles into $372,980 by year five. Five-year ROI reaches 57.18% and total cumulative return in cash sums $250,121. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,400/mo property income covering a $6,608/mo payment, not borrower’s personal income.
Condo
Built in 2006
0.48 Acres lot
$N/A/sqft
$500 quarterly HOA
Neighborhood data shown for ZIP Code: 04105, Falmouth, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,499 (100%) |
| Owner Occupied HU | 4,268 (77.6%) |
| Renter Occupied HU | 814 (14.8%) |
| Vacant Housing Units | 417 ( 7.6%) |
| Median Home Value | $751,057 |
| Average Home Value | $879,727 |
Residential
5,390
Single Family
4,979
Multi-Family
411
Businesses
480
Date | Event | Price |
|---|---|---|
| 2025-04-17 | Listed for sale | $1,350,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: N/A • Legacy Properties Sotheby's International Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1619419
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
