39 W. Grand Avenue #510Old Orchard BeachME04064
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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 39 W. Total monthly income runs $2,294/mo, and a $4,013/mo payment. Purchase price stands at $820,000, and rental yield measures 3.36% with $2,294/mo rent. Return on cash invested shows 7.25% in year one, and 5% annual appreciation builds toward $226,551 over five years. Five-year ROI reaches 35.07% and total cumulative return in cash records $94,607. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,294/mo property income covering a $4,013/mo payment rather than investor’s personal income.
Condo
Built in 1989
871.20 sqft 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
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Listed by: N/A • Judy George Realty
Mls Name: Maine Listings
Mls ID: #1640648