5 Academy Place #57, Saco, ME, 04072 | $982/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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5 Academy Place #57, Saco, ME, 04072 | $982/mo Cash Flow | 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 Saco at 5 Academy Place #57, Saco, ME, 04072 earns $982/mo cash flow from $2,718/mo rent with a $1,346/mo payment. Total monthly income totals $2,718/mo, and annual cash flow totals $11,789/yr on $91,163 capital. ROI tracks 32.84% on current figures, and rental yield reads 11.86% at a $275,000 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 172.37% and total cumulative return in cash sums $157,139. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,718/mo property income instead of your personal income.

Condo

Built in 1985

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

Freshly updated two-bedroom, one bath, first-floor living condo unit available now! Terrific location in downtown SACO. Very walkable to many restaurants, shopping, banking, and Thornton Academy District. Enjoy coastal living with Old Orchard Beach only 3 miles away. The condo is situated in the far back corner of development with peace and privacy. The unit is beautifully landscaped and updated with a porch made of high-quality decking, a ramp, eye-catching curb appeal, and a large side yard. The kitchen has hickory wood cabinets and lightly used appliances. The seller went above and beyond to update this unit when they bought it. Also has added water filtration system for extra purification of Town water. The bathroom has extra handrails for support and safety, along with updated plumbing. The unit has many closets for extra storage throughout. The unit has added protection of an installed Knox box so firefighters can enter at any time. The HOA fees include many extras, such as trash pick up, plowing, Wi-Fi and cable.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04072, Saco, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,169 (100%)
Owner Occupied HU	6,451 (63.4%)
Renter Occupied HU	2,842 (27.9%)
Vacant Housing Units	876 ( 8.6%)
Median Home Value	$440,416
Average Home Value	$473,380