47 Ocean Avenue #8KennebunkportME04046
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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
Investment property for sale in Kennebunkport at 47 Ocean Avenue #8, Kennebunkport, ME, 04046 offers a 2.46% rental yield on a $1,525,000 purchase with $3,120/mo rent. 57% in year one. Equity gained on principal adds $9,841/yr while 5% annual appreciation supports $421,329 over five years. Portfolio math shows five-year ROI at 20.67% and total cumulative return in cash at $102,108. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,120/mo property income against a $7,464/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04046, Kennebunkport, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,367 (100%) |
| Owner Occupied HU | 3,207 (59.8%) |
| Renter Occupied HU | 482 ( 9.0%) |
| Vacant Housing Units | 1,678 (31.3%) |
| Median Home Value | $661,109 |
| Average Home Value | $817,945 |
Housing Distribution
Address Breakdown
Residential
3,756
Single Family
3,735
Multi-Family
21
Businesses
225
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Listed by: N/A • Pack Maynard and Associates
Mls Name: Maine Listings
Mls ID: #1650888