444 Main Street UNIT 114OgunquitME03907
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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 Ogunquit at 444 Main Street UNIT 114, Ogunquit, ME, 03907 generates $2,092/mo in rent, after a $2,198/mo payment. Total monthly income is $2,092/mo. Return on cash invested sits at 10.82% in year one, and rental yield is 5.59% on a $449,000 entry. Equity gained on principal adds $2,897/yr, while 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 55.39% and total cumulative return in cash sums $82,444. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,092/mo property income rather than buyer’s personal income.
Condo
Built in 1987
1.24 Acres lot
$N/A/sqft
$385 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 03907, Ogunquit, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,075 (100%) |
| Owner Occupied HU | 717 (34.6%) |
| Renter Occupied HU | 116 ( 5.6%) |
| Vacant Housing Units | 1,242 (59.9%) |
| Median Home Value | $812,500 |
| Average Home Value | $897,333 |
Housing Distribution
Address Breakdown
Residential
435
Single Family
435
Multi-Family
0
Businesses
207
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Listed by: N/A • The Aland Realty Group, LLC
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1606403
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. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782