179 Saco Ave #OW2Old 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 179 Saco Ave #OW2, Old Orchard Beach, ME, 04064 offers a 13.9% rental yield on a $155,400 purchase with $1,800/mo rent. Total monthly income registers $1,800/mo, and a $761/mo payment leaves $819/mo available for distribution. Annual cash flow reaches $9,826/yr on $51,515 to close, and return on cash invested stands at 38.98% in year one. Equity gained on principal adds $1,003/yr while 5% annual appreciation supports $42,934 over five years. Portfolio math shows five-year ROI at 205.31% and total cumulative return in cash at $105,765. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,800/mo property income against a $761/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2025
N/A 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 • N/A
Mls Name: Sun Homes Manufactured
Mls Provider:
Mls ID: #N/A