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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 York at 31 Ocean Avenue UNIT 213, York, ME, 03909 generates $2,670/mo in rent, after a $3,328/mo payment. Total monthly income is $2,670/mo. Return on cash invested sits at 7.56% in year one, and rental yield is 4.71% on a $679,900 entry. Equity gained on principal adds $4,387/yr, while 5% annual appreciation builds toward $187,844 over five years. Five-year ROI reaches 38.12% and total cumulative return in cash sums $85,265. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,670/mo property income rather than buyer’s personal income.
Condo
Built in 1986
3.85 Acres lot
$N/A/sqft
$709 monthly HOA
Neighborhood data shown for ZIP Code: 03909, York, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,891 (100%) |
| Owner Occupied HU | 4,276 (54.2%) |
| Renter Occupied HU | 783 ( 9.9%) |
| Vacant Housing Units | 2,832 (35.9%) |
| Median Home Value | $644,778 |
| Average Home Value | $741,313 |
Residential
4,734
Single Family
4,531
Multi-Family
203
Businesses
474
Date | Event | Price |
|---|---|---|
| 2024-10-02 | Listed for sale | $679,900 |
| 2015-11-09 | Sold | $410,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-10-15 | $4395.00 | -6.29% | $514,000 | 9.04% |
| 2021-10-15 | $4690.00 | N/A | $471,400 | N/A |
| 2020-10-15 | $4690.00 | 8.84% | $471,400 | 21.97% |
Listed by: N/A • Better Homes & Gardens Real Estate/The Masiello Group
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1605681
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. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
