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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 2 New Colony Drive UNIT 5, Old Orchard Beach, ME, 04064 offers $2,280/mo rent that, after a $1,150/mo payment, leaves $437/mo cash flow. Total monthly income is $2,280/mo, and annual cash flow is $5,247/yr on $77,869 cash. Return on cash invested measures 26.65% in year one, and rental yield stands at 11.65% at a $234,900 entry. Equity gained on principal adds $1,516/yr while 5% annual appreciation compounds into $64,899 by year five. Five-year ROI records 141.19% and total cumulative return in cash reaches $109,941. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,280/mo property income versus a $1,150/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1988
5.04 Acres lot
$N/A/sqft
$360 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 |
|---|---|---|
| 2025-01-15 | Listed for sale | $234,900 |
| 2025-01-03 | Listing removed | $234,900 |
| 2024-12-05 | Price change | $234,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-01-28 | $2462.00 | N/A | $216,000 | N/A |
| 2023-01-28 | $2462.00 | 9.71% | $216,000 | 17.84% |
| 2022-01-28 | $2244.00 | 29.19% | $183,300 | 49.39% |
Listed by: N/A • Century 21 North East
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1612580
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
