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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 4 Brousseau Dr, Old Orchard Beach, ME, 04064 priced at $145,500 converts $2,807/mo rent into $1,292/mo cash flow after a $712/mo obligation. Total monthly income equals $2,807/mo, and annual cash flow totals $15,502/yr on $48,233 invested. Return on cash invested prints 52.05% in year one, and rental yield reads 23.15% against a $145,500 entry. Equity gained on principal adds $939/yr, while 5% annual appreciation compiles into $40,199 by year five. Five-year ROI reaches 280.73% and total cumulative return in cash sums $135,405. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,807/mo property income covering a $712/mo payment, not borrower’s personal income.
Manufactured
Built in 2001
N/A lot
$N/A/sqft
$597 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 |
|---|---|---|
| 2024-10-15 | Price change | $145,500 |
| 2024-09-14 | Listed for sale | $152,500 |
| 2005-10-19 | Sold | $63,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-10-16 | $879.00 | 45.05% | $71,800 | 67.76% |
| 2021-10-16 | $606.00 | -9.42% | $42,800 | -1.38% |
| 2020-10-16 | $669.00 | 9.49% | $43,400 | 10.15% |
Listed by: Kathee Somes • Mobile Home Brokers Unlimited
Mls Name: My State MLS
Mls ID: #11343235
