16 Salt Point Drive #20Old Orchard BeachME04064
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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 Old Orchard Beach at 16 Salt Point Drive #20, Old Orchard Beach, ME, 04064 listed at $670,000 pairs $2,980/mo rent with a $3,279/mo payment. Total monthly income runs $2,980/mo. Return on cash invested measures 13.27% in year one, and rental yield registers 5.34% at a $670,000 basis. Equity gained on principal adds $4,323/yr, and annual property appreciation at 5% supports $185,109 by year five. Five-year ROI tracks 67.34% and total cumulative return in cash totals $148,433. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,980/mo property income relative to a $3,279/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2025
2.68 Acres lot
$N/A/sqft
No HOA
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
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Listed by: N/A • Better Homes & Gardens Real Estate/The Masiello Group
Mls Name: Maine Listings
Mls ID: #1646304