2 Breakwater Way #2, Saco, ME, 04072 | 5.09% Rental Yield

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2 Breakwater Way #2, Saco, ME, 04072 | 5.09% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

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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

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Investment Highlights

Investment property for sale in Saco at 2 Breakwater Way #2, Saco, ME, 04072 listed at $750,000 pairs $3,180/mo rent with a $3,671/mo payment. Total monthly income runs $3,180/mo. Return on cash invested measures 12.51% in year one, and rental yield registers 5.09% at a $750,000 basis. Equity gained on principal adds $4,840/yr, and annual property appreciation at 5% supports $207,211 by year five. Five-year ROI tracks 63.27% and total cumulative return in cash totals $156,114. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,180/mo property income relative to a $3,671/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2005

N/A lot

$N/A/sqft

No HOA

More details about the property

Nestled amongst long-established residential neighborhoods in Saco, Maine, The Cottages at Atlantic Heights Association, a Maine housing cooperative, offers owners a setting that assures unsurpassed active, independent living with comprehensive health-care services on site. 2 Breakwater Way is a stand-alone cottage with 3 bedrooms and 3 full bathrooms - with sunny living spaces throughout. A sunroom, office, and den upstairs add to livability, while heated garage with workbench and newer boiler are nice upgrades. This prime coastal location provides a perfect balance between sea breezes of the near Atlantic and evergreen-scented forests unique to Maine. Here you will make new friends and enjoy fresh air and 4-season exercise, fun social gatherings or quiet moments within and around your beautiful home. Have friends or family visit, play golf nearby, walk the beach for a few yards or a few miles. It is all here waiting for you.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04072, Saco, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,169 (100%)
Owner Occupied HU	6,451 (63.4%)
Renter Occupied HU	2,842 (27.9%)
Vacant Housing Units	876 ( 8.6%)
Median Home Value	$440,416
Average Home Value	$473,380

Housing Distribution

Address Breakdown

Residential

9,563

Single Family

8,876

Multi-Family

687

Businesses

678

Price History

Date	Event	Price
No price history data available

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
No tax history data available

Nearby investment properties with comparable rents

4 Bed
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24 York Street, Kennebunk, ME, 04043

4 Bed
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1528 sft

172 High Street, Sanford, ME, 04073

3 Bed
2 Bath
1190 sft

593 Ford Quint Road, North Berwick, ME, 03906

4 Bed
2 Bath
2080 sft

11 Ray Mary Lane, Wells, ME, 04090

Nearby investment properties with comparable prices

3 Bed
2 Bath
1728 sft

244 Clay Hill Road, Cape Neddick, ME, 03902

3 Bed
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2244 sft

170 Clay Hill Road, York, ME, 03909

2 Bed
2 Bath
660 sft

32 Hickory Hill Lane, Ogunquit, ME, 03907

3 Bed
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1741 sft

529 River Road, Arundel, ME, 04046

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Condo
Year Built: 2005
Architectural Style: N/A
Building Area: N/A
Living Area: N/A
Property Condition: N/A

Features & Amenities

Heating: N/A
Cooling: N/A
Flooring: N/A
Interior Features: N/A
Exterior Features: N/A
Parking Features: Auto Door Opener, 1 - 4 Spaces, Paved, Common, Inside Entrance

Location

City: Saco
State: ME
Subdivision: N/A
Lot Size: N/A
Lot Features: N/A
View: N/A

HOA & Fees

HOA Fee: N/A
Association Fee: N/A
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: N/A
Sewer: N/A
Water Source: N/A
Road Surface Type: N/A

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: N/A • RE/MAX By The Bay

Mls Name: Maine Listings

Mls ID: #1640332

2 Breakwater Way #2,Saco,ME,04072

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Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

2 Breakwater Way #2SacoME04072