69 Cottage StreetOgunquitME03907
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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
Investment Highlights
Investment property for sale in Ogunquit at 69 Cottage Street, Ogunquit, ME, 03907 earns from $2,927/mo rent with a $7,337/mo payment. Total monthly income totals $2,927/mo. ROI tracks 4.23% on current figures, and rental yield reads 2.34% at a $1,499,000 purchase. Equity gained on principal adds $9,673/yr, and 5% annual appreciation supports $414,146 over five years. Five-year ROI reaches 18.81% and total cumulative return in cash sums $91,365. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,927/mo property income instead of your personal income.
Single Family
Built in 1940
9,583 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
435
Single Family
435
Multi-Family
0
Businesses
207
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