3 Old Orchard Road #7Old Orchard BeachME04064
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Old Orchard Beach at 3 Old Orchard Road #7, Old Orchard Beach, ME, 04064 at $118,000 posts ROI 24.69% with $156/mo cash flow from $901/mo rent. Total monthly income equals $901/mo, and annual cash flow records $1,870/yr on $39,117 to close. Return on cash invested measures 24.69% and rental yield reads 9.16% at the current $118,000. Equity gained on principal adds $761/yr, and 5% annual appreciation supports $32,601 by year five. Five-year ROI prints 128.67% and total cumulative return in cash totals $50,331.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $901/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 2021
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • RE/MAX Realty One
Mls Name: Maine Listings
Mls ID: #1642565