4 Mickelson Way, Old Orchard Beach, ME, 04064 | 7.44% Rental Yield

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4 Mickelson Way, Old Orchard Beach, ME, 04064 | 7.44% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Old Orchard Beach at 4 Mickelson Way, Old Orchard Beach, ME, 04064 earns from $4,340/mo rent with a $3,426/mo payment. Total monthly income totals $4,340/mo. ROI tracks 19.66% on current figures, and rental yield reads 7.44% at a $699,900 purchase. Equity gained on principal adds $4,516/yr, and 5% annual appreciation supports $193,369 over five years. Five-year ROI reaches 101.62% and total cumulative return in cash sums $233,996. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,340/mo property income instead of your personal income.

Single Family

Built in 2023

4,356 sqft lot

$N/A/sqft

No HOA

More details about the property

Stunning Contemporary Cape just minutes to beach and walking distance to clubhouse and restaurant. This beautiful home offers primary bedroom on first floor with tiled shower and walk in closet, convenient 1/2 bath in hallway off kitchen with laundry area, open concept kitchen with plenty of storage, granite counters and SS appliances, bright and sunny dining room area off kitchen, three ample sized guest bedrooms on 2nd floor and huge guest bathroom, tons of storage space and unique open area idea for office space. Attached garage and stamped concrete patio in rear ideal for summer BBQ. Heat pumps for ideal weather year round and FHW gas heat. Be part of golf community and enjoy all the amenities of famous Dunegrass Golf Course and 7 miles of beautiful beach just a short drive away.

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