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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 180 E Grand Avenue UNIT 2, Old Orchard Beach, ME, 04064 priced at $975,000 pairs $3,547/mo rent with after a $4,772/mo payment. Total monthly income equals $3,547/mo. Return on cash invested is 9.19% in year one, and rental yield stands at 4.37% on a $975,000 basis. Equity gained on principal adds $6,292/yr, and 5% annual appreciation accumulates to $269,375 by year five. Five-year ROI measures 45.88% and total cumulative return in cash reaches $147,183. For financing, Ziffy Mortgage’s DSCR program evaluates $3,547/mo property income against a $4,772/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2006
0.36 Acres lot
$N/A/sqft
$300 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 |
|---|---|---|
| 2025-04-15 | Listed for sale | $975,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-28 | $7786.00 | N/A | $683,000 | N/A |
| 2023-04-28 | $7786.00 | 18.42% | $683,000 | 27.14% |
| 2022-04-28 | $6575.00 | 6.89% | $537,200 | 23.66% |
Listed by: N/A • Redfin Corporation
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1619144
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
