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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 18 Schoppee Dr, Old Orchard Beach, ME, 04064 at $120,000 posts ROI 3.32% with from $910/mo rent. Total monthly income equals $910/mo. Return on cash invested measures 3.32% and rental yield reads 9.1% at the current $120,000. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,154 by year five. Five-year ROI prints 21.71% and total cumulative return in cash totals $8,635. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $910/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1988
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 |
|---|---|---|
| 2025-03-17 | Listed for sale | $120,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-02 | $827.00 | N/A | $72,500 | N/A |
| 2023-04-02 | $827.00 | 15.66% | $72,500 | 24.14% |
| 2022-04-02 | $715.00 | 44.15% | $58,400 | 66.86% |
Listed by: Kathee Somes • Mobile Home Brokers Unlimited
Mls Name: My State MLS
Mls ID: #11452179
