512 Shore Road #13, Ogunquit, ME, 03907 | 5.9% Rental Yield

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512 Shore Road #13, Ogunquit, ME, 03907 | 5.9% Rental Yield | Ziffy

For Sale

Rental Income

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

Total monthly income runs $2,160/mo, and a $2,149/mo payment. Purchase price stands at $439,000, and rental yield measures 5.9% with $2,160/mo rent. Return on cash invested shows 14.87% in year one, and 5% annual appreciation builds toward $121,288 over five years. Five-year ROI reaches 76.02% and total cumulative return in cash records $110,636. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,160/mo property income covering a $2,149/mo payment rather than investor’s personal income.

Condo

Built in 1911

N/A lot

$N/A/sqft

No HOA

More details about the property

Rare year-round condo in Ogunquit is as beautiful as it is functional, offering a private retreat and a proven rental opportunity. Bathed in natural light from windows on three sides, the space features elegant new flooring and an updated eat-in kitchen with quartz countertops, modern cabinetry, and appliances inspired by the seaside. Step onto the deck to take in stunning views of Perkins Cove, the Marginal Way, and the Atlantic. The spacious living area and serene primary suite, accommodating a king bed with a refreshed bath, provide comfort and style, while an added 3/4 guest bath completes the layout. Outdoor amenities include a shared patio with dining and barbecue, landscaped gardens, and a gas firepit. With two parking spaces, optional in-house laundry, and a strong rental history, this turnkey, move-in ready condo is perfect for personal enjoyment or income generation. Just steps from Perkins Cove's shops, dining, and the Marginal Way, this offering blends beauty, location, and opportunity.

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