20 Red Oak Drive #2Old Orchard BeachME04064
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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 Old Orchard Beach at 20 Red Oak Drive #2, Old Orchard Beach, ME, 04064 generates $3,120/mo in rent, after a $5,335/mo payment. Total monthly income is $3,120/mo. Return on cash invested sits at 7.6% in year one, and rental yield is 3.43% on a $1,090,000 entry. Equity gained on principal adds $7,034/yr, while 5% annual appreciation builds toward $301,147 over five years. Five-year ROI reaches 36.88% and total cumulative return in cash sums $130,236. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,120/mo property income rather than buyer’s personal income.
Condo
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04064, Old Orchard Beach, ME area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
6,370
Single Family
5,809
Multi-Family
561
Businesses
355
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Listed by: N/A • Keller Williams Realty
Mls Name: Maine Listings
Mls ID: #1640733