32 W Old Orchard Avenue UNIT A, Old Orchard Beach, ME, 04064 | 5.45% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

32 W Old Orchard Avenue UNIT A, Old Orchard Beach, ME, 04064 | 5.45% Rental Yield | Ziffy

Sold

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
3 Bath
1460 sft

75 Maple Street UNIT 101, Saco, ME, 04072

3 Bed
3 Bath
1460 sft

75 Maple Street UNIT 102, Saco, ME, 04072

Investment Property+ 2 more

8 Bed
2 Bath
2272 sft

5-7 Casco Avenue, Old Orchard Beach, ME, 04064

3 Bed
3 Bath
2087 sft

61 Ocean Park Road #11, Saco, ME, 04072

Nearby investment properties with comparable prices

3 Bed
3 Bath
1444 sft

30 Twine Mill Road, Kennebunk, ME, 04043

2 Bed
2 Bath
1664 sft

262 Lot 3 Alewive Road, Kennebunk, ME, 04043

4 Bed
3 Bath
2827 sft

45 Meadow Pond Rd, South Berwick, ME, 03908

2 Bed
1 Bath
879 sft

57 Webhannet Drive, Wells, ME, 04090

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

Explore more listings using simple english

Investment Highlights

Total monthly income runs $3,180/mo, and a $3,426/mo payment. Purchase price stands at $699,900, and rental yield measures 5.45% with $3,180/mo rent. Return on cash invested shows 13.61% in year one, and 5% annual appreciation builds toward $193,369 over five years. Five-year ROI reaches 69.2% and total cumulative return in cash records $159,344. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,180/mo property income covering a $3,426/mo payment rather than investor’s personal income.

Single Family

Built in 1900

0.55 Acres lot

$N/A/sqft

No HOA

More details about the property

Here's your opportunity to own a completely renovated antique Queen Anne style home in OOB!!! Built originally in 1900, this beautiful home has been upgraded and redesigned. Boasting 4 bedrooms, 3-baths, open concept kitchen, dining living space this house is ready for you to move right in! Also offers first floor laundry, shaker and granite kitchen, full attic, and full basement! New heating, electric, plumbing, insulation, roof; property was gutted to the studs and re-built entirely. Just a quick walk to the beach and only 10-minute walk to the pier! Close to it all but the privacy of a wonderful neighborhood! Property is broker owned.

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

Price History

Date	Event	Price
2024-08-07	Listed for sale	$699,900

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
No tax history data available

Nearby investment properties with comparable rents

3 Bed
3 Bath
1460 sft

75 Maple Street UNIT 101, Saco, ME, 04072

3 Bed
3 Bath
1460 sft

75 Maple Street UNIT 102, Saco, ME, 04072

Investment Property+ 2 more

8 Bed
2 Bath
2272 sft

5-7 Casco Avenue, Old Orchard Beach, ME, 04064

3 Bed
3 Bath
2087 sft

61 Ocean Park Road #11, Saco, ME, 04072

Nearby investment properties with comparable prices

3 Bed
3 Bath
1444 sft

30 Twine Mill Road, Kennebunk, ME, 04043

2 Bed
2 Bath
1664 sft

262 Lot 3 Alewive Road, Kennebunk, ME, 04043

4 Bed
3 Bath
2827 sft

45 Meadow Pond Rd, South Berwick, ME, 03908

2 Bed
1 Bath
879 sft

57 Webhannet Drive, Wells, ME, 04090

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: SingleFamily
Year Built: 1900
Architectural Style: New Englander,Victorian
Building Area: 1,270
Living Area: 1,270 sqft
Property Condition: N/A

Features & Amenities

Heating: Multi-Zones, Hot Water, Baseboard
Cooling: None
Flooring: N/A
Interior Features: Attic, Bathtub, Shower
Exterior Features: N/A
Parking Features: 1 - 4 Spaces, 5 - 10 Spaces, Paved

Location

City: Old Orchard Beach
State: ME
Subdivision: N/A
Lot Size: 0.55 Acres
Lot Features: Level, Rolling Slope, Near Golf Course, Near Public Beach, Near Shopping, Neighborhood, Near Public Transit, Near Railroad
View: N/A

HOA & Fees

HOA Fee: N/A
Association Fee: N/A
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: N/A
Sewer: Public Sewer
Water Source: Public
Road Surface Type: Paved

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: N/A • RE/MAX Realty One

Mls Name: Maine Listings

Mls Provider: Mls

Mls ID: #1599489

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

32 W Old Orchard Avenue UNIT A,Old Orchard Beach,ME,04064

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

32 W Old Orchard Avenue UNIT AOld Orchard BeachME04064