2 Beach Street #16YorkME03909
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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
Rental property for sale in York at 2 Beach Street #16, York, ME, 03909 priced at $675,000 converts $3,101/mo rent into after a $3,304/mo obligation. Total monthly income equals $3,101/mo. Return on cash invested prints 13.8% in year one, and rental yield reads 5.51% against a $675,000 entry. Equity gained on principal adds $4,356/yr, while 5% annual appreciation compiles into $186,490 by year five. Five-year ROI reaches 70.19% and total cumulative return in cash sums $155,871. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,101/mo property income covering a $3,304/mo payment, not borrower’s personal income.
Condo
Built in 2007
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03909, York, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,891 (100%) |
| Owner Occupied HU | 4,276 (54.2%) |
| Renter Occupied HU | 783 ( 9.9%) |
| Vacant Housing Units | 2,832 (35.9%) |
| Median Home Value | $644,778 |
| Average Home Value | $741,313 |
Housing Distribution
Address Breakdown
Residential
4,734
Single Family
4,531
Multi-Family
203
Businesses
474
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