5 Fourth AvenueOld Orchard BeachME04064
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 3.4% gross rental yield, 5 Fourth Avenue, Old Orchard Beach, ME, 04064 in Old Orchard Beach is priced for capital growth, not immediate cash flow. The $1,290,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $356,403 by year five, with $11,881/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.63) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $201,170.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.4% | 5.2% |
| Monthly Cash Flow | $(4,485) | $2,800 |
City averages based on Old Orchard Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,656 |
| Total Monthly Debt Service | $7,628 |
| DSCR Ratio | 0.48x |
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.
Single Family
Built in 1921
5,227 sqft 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
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
Single Family
Built in 1921
5,227 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • F.O. Bailey Real Estate
Mls Name: Maine Listings
Mls ID: #1631288