444 Main Street UNIT 114OgunquitME03907
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 444 Main Street UNIT 114, Ogunquit, ME, 03907 in Ogunquit worth study. Rental yield 5.59%. The 5.59% gross yield is below cash-flow benchmarks at $449,000, but 5% annual appreciation, adding $124,050 over five years, frames this as a capital growth position. Rent of $2,092/mo partially offsets the $2,019/mo payment. Ziffy Mortgage finances appreciation-play properties (1.04 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $99,656.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.6% | 5.5% |
| Monthly Cash Flow | $(1,127) | $600 |
City averages based on Ogunquit market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,092 |
| Total Monthly Debt Service | $3,040 |
| DSCR Ratio | 0.69x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices