20 Robin Way, Ogunquit, ME, 03907 | 2.88% Rental Yield

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20 Robin Way, Ogunquit, ME, 03907 | 2.88% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

Rental property for sale in Ogunquit at 20 Robin Way, Ogunquit, ME, 03907 priced at $1,100,000 converts $2,640/mo rent into after a $5,384/mo obligation. Total monthly income equals $2,640/mo. Return on cash invested prints 5.88% in year one, and rental yield reads 2.88% against a $1,100,000 entry. Equity gained on principal adds $7,098/yr, while 5% annual appreciation compiles into $303,910 by year five. Five-year ROI reaches 27.7% and total cumulative return in cash sums $98,707. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,640/mo property income covering a $5,384/mo payment, not borrower’s personal income.

Single Family

Built in 2002

1.43 Acres lot

$N/A/sqft

No HOA

More details about the property

Discover the potential in the generously sized home, on a dead-end lane in Maine's beloved coastal town of Ogunquit. Just under a mile from the sandy beach and rock-bound coast of Marginal Way, and minutes from galleries, restaurants and live theater, this 2880 SF Colonial blends privacy and proximity. The generous floor plan offers four bedrooms (one unfinished), three full bathrooms, a 24 X 23 great room, tons of storage area in the full basement and the convenience of an attached two car garage. While the home does need some updates and repairs, it's a solid canvas for your vision. Whether you're a savvy investor looking for a fabulous rental investment or a homeowner seeking that coastal getaway, this is an opportunity to build equity and make it truly yours.

Neighborhood Data

Neighborhood data shown for ZIP Code: 03907, Ogunquit, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,075 (100%)
Owner Occupied HU	717 (34.6%)
Renter Occupied HU	116 ( 5.6%)
Vacant Housing Units	1,242 (59.9%)
Median Home Value	$812,500
Average Home Value	$897,333