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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Old Orchard Beach at 66 E Grand Avenue UNIT 6, Old Orchard Beach, ME, 04064 offers a 10.25% rental yield on a $199,900 purchase with $1,708/mo rent. Total monthly income registers $1,708/mo, and a $978/mo payment leaves $197/mo available for distribution. Annual cash flow reaches $2,362/yr on $66,267 to close, and return on cash invested stands at 23.47% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 123.77% and total cumulative return in cash at $82,021. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,708/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1979
5,662 sqft lot
$N/A/sqft
$250 monthly HOA
Neighborhood data shown for ZIP Code: 04064, Old Orchard Beach, ME area.
| 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 |
Residential
6,370
Single Family
5,809
Multi-Family
561
Businesses
355
Date | Event | Price |
|---|---|---|
| 2024-11-06 | Price change | $199,900 |
| 2024-09-01 | Price change | $215,000 |
| 2024-08-15 | Listed for sale | $230,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-11-11 | $1333.00 | 5.29% | $108,900 | 21.81% |
| 2021-11-11 | $1266.00 | 3.52% | $89,400 | 12.74% |
| 2020-11-11 | $1223.00 | -0.49% | $79,300 | N/A |
Listed by: N/A • EXP Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1600555
Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
