6 Bayberry DrOld Orchard BeachME04064
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
Investment Highlights
Rental property for sale in Old Orchard Beach at 6 Bayberry Dr, Old Orchard Beach, ME, 04064 offers $1,296/mo rent that, after a $807/mo payment. Total monthly income is $1,296/mo. Return on cash invested measures 10.08% in year one, and rental yield stands at 9.43% at a $164,900 entry. Equity gained on principal adds $1,064/yr while 5% annual appreciation compounds into $45,559 by year five. Five-year ROI records 55.94% and total cumulative return in cash reaches $30,580. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,296/mo property income versus a $807/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in N/A
N/A lot
$N/A/sqft
$703 monthly 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: Kathee Somes • Mobile Home Brokers Unlimited
Mls Name: My State MLS
Mls ID: #11545041