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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 Old Orchard Beach at 16 Wild Dunes Way, Old Orchard Beach, ME, 04064 generates $4,232/mo in rent, after a $3,911/mo payment. Total monthly income is $4,232/mo. Return on cash invested sits at 16.3% in year one, and rental yield is 6.36% on a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation builds toward $220,749 over five years. Five-year ROI reaches 83.64% and total cumulative return in cash sums $219,870. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,232/mo property income rather than buyer’s personal income.
Single Family
Built in 2017
9,147 sqft lot
$N/A/sqft
$150 annually HOA
Neighborhood data shown for ZIP Code: 04064, Old Orchard Beach, ME area.
| 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 |
Residential
6,370
Single Family
5,809
Multi-Family
561
Businesses
355
Date | Event | Price |
|---|---|---|
| 2024-09-06 | Price change | $799,000 |
| 2024-09-03 | Price change | $825,000 |
| 2024-08-22 | Price change | $849,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-11-11 | $3584.00 | -0.19% | $292,800 | 15.46% |
| 2021-11-11 | $3591.00 | 3.19% | $253,600 | 12.36% |
| 2020-11-11 | $3480.00 | -0.51% | $225,700 | N/A |
Listed by: N/A • Maine Real Estate Co
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1599708
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. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
