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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% |
Investment property for sale in Old Orchard Beach at 39 Smithwheel Road UNIT 52, Old Orchard Beach, ME, 04064 listed at $249,900 pairs $2,280/mo rent with a $1,223/mo payment to leave $463/mo cash flow. Total monthly income runs $2,280/mo, and annual cash flow reaches $5,556/yr on $82,842 cash to close. Return on cash invested measures 26.62% in year one, and rental yield registers 10.95% at a $249,900 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,043 by year five. Five-year ROI tracks 140.21% and total cumulative return in cash totals $116,150. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,280/mo property income relative to a $1,223/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1996
13.20 Acres lot
$N/A/sqft
$240 monthly HOA
Neighborhood data shown for ZIP Code: 04064, Old Orchard Beach, ME area.
| 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 |
Residential
6,370
Single Family
5,809
Multi-Family
561
Businesses
355
Date | Event | Price |
|---|---|---|
| 2024-09-25 | Listed for sale | $249,900 |
| 2020-01-03 | Sold | $154,900 |
| 2019-11-07 | Price change | $154,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-10-16 | $2469.00 | 22.05% | $201,700 | 41.15% |
| 2021-10-16 | $2023.00 | 10.73% | $142,900 | 20.59% |
| 2020-10-16 | $1827.00 | -0.54% | $118,500 | N/A |
Listed by: N/A • Maine Custom Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1604977
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
