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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% |
Investment property for sale in Old Orchard Beach at 17 Tunis Avenue UNIT 1, Old Orchard Beach, ME, 04064 at $299,900 posts ROI 16.04% with from $2,022/mo rent. Total monthly income equals $2,022/mo. Return on cash invested measures 16.04% and rental yield reads 8.09% at the current $299,900. Equity gained on principal adds $1,935/yr, and 5% annual appreciation supports $82,857 by year five. Five-year ROI prints 84.24% and total cumulative return in cash totals $83,752. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,022/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1940
6,098 sqft lot
$N/A/sqft
$450 monthly 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 |
|---|---|---|
| 2025-04-28 | Listed for sale | $299,900 |
| 2025-04-18 | Listing removed | $299,900 |
| 2025-04-16 | Listed for sale | $299,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-07 | $2793.00 | N/A | $245,000 | N/A |
| 2023-05-07 | $2793.00 | 9.36% | $245,000 | 17.39% |
| 2022-05-07 | $2554.00 | 13.71% | $208,700 | 31.59% |
Listed by: N/A • Keller Williams Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1619207
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
