4 Palmers WayOld 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
Rental property for sale in Old Orchard Beach at 4 Palmers Way, Old Orchard Beach, ME, 04064 priced at $799,900 pairs $3,768/mo rent with after a $3,915/mo payment. Total monthly income equals $3,768/mo. Return on cash invested is 14.22% in year one, and rental yield stands at 5.65% on a $799,900 basis. Equity gained on principal adds $5,162/yr, and 5% annual appreciation accumulates to $220,998 by year five. Five-year ROI measures 72.47% and total cumulative return in cash reaches $190,728. For financing, Ziffy Mortgage’s DSCR program evaluates $3,768/mo property income against a $3,915/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
0.36 Acres 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 • Dream Home Realty LLC
Mls Name: Maine Listings
Mls ID: #1649281