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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 18 Ryefield Dr, Old Orchard Beach, ME, 04064 priced at $179,900 converts $1,363/mo rent into after a $881/mo obligation. Total monthly income equals $1,363/mo. Return on cash invested prints 10.33% in year one, and rental yield reads 9.09% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 56.86% and total cumulative return in cash sums $33,909. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,363/mo property income covering a $881/mo payment, not borrower’s personal income.
Manufactured
Built in 2022
N/A lot
$N/A/sqft
$703 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 |
|---|---|---|
| 2025-09-03 | Listed for sale | $179,900 |
| 2025-08-17 | Listing removed | $199,000 |
| 2025-07-27 | Price change | $199,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-11 | $1492.00 | N/A | $130,900 | N/A |
| 2023-09-11 | $1492.00 | 15.75% | $130,900 | 24.31% |
| 2022-09-11 | $1289.00 | 974.17% | $105,300 | 1250.00% |
Listed by: Kathee Somes • Mobile Home Brokers Unlimited
Mls Name: My State MLS
Mls ID: #11498894
