17 Glen Avenue #1OgunquitME03907
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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
Rental property for sale in Ogunquit at 17 Glen Avenue #1, Ogunquit, ME, 03907 priced at $1,995,000 pairs $3,620/mo rent with after a $9,765/mo payment. Total monthly income equals $3,620/mo. Return on cash invested is 3.71% in year one, and rental yield stands at 2.18% on a $1,995,000 basis. Equity gained on principal adds $12,873/yr, and 5% annual appreciation accumulates to $551,182 by year five. Five-year ROI measures 16.07% and total cumulative return in cash reaches $103,845. For financing, Ziffy Mortgage’s DSCR program evaluates $3,620/mo property income against a $9,765/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1880
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03907, Ogunquit, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,075 (100%) |
| Owner Occupied HU | 717 (34.6%) |
| Renter Occupied HU | 116 ( 5.6%) |
| Vacant Housing Units | 1,242 (59.9%) |
| Median Home Value | $812,500 |
| Average Home Value | $897,333 |
Housing Distribution
Address Breakdown
Residential
435
Single Family
435
Multi-Family
0
Businesses
207
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