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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 Old Orchard Beach at 39 Smithwheel Road UNIT 54, Old Orchard Beach, ME, 04064 priced at $279,000 pairs $2,254/mo rent with $203/mo cash flow after a $1,366/mo payment. Total monthly income equals $2,254/mo, and annual cash flow comes to $2,433/yr on $92,489 invested. Return on cash invested is 22.54% in year one, and rental yield stands at 9.69% on a $279,000 basis. Equity gained on principal adds $1,800/yr, and 5% annual appreciation accumulates to $77,083 by year five. Five-year ROI measures 118.49% and total cumulative return in cash reaches $109,591. For financing, Ziffy Mortgage’s DSCR program evaluates $2,254/mo property income against a $1,366/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1996
13.20 Acres lot
$N/A/sqft
$290 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 |
|---|---|---|
| 2025-03-15 | Listed for sale | $279,000 |
| 2024-10-21 | Listing removed | $287,000 |
| 2024-08-24 | Listed for sale | $287,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-17 | $2941.00 | N/A | $258,000 | N/A |
| 2023-03-17 | $2941.00 | 9.45% | $258,000 | 17.54% |
| 2022-03-17 | $2687.00 | 22.53% | $219,500 | 41.70% |
Listed by: N/A • Maine Real Estate Co
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1616140
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. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
