7 Heath Street UNIT 3, Old Orchard Beach, ME, 04064 | 5.13% Rental Yield

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7 Heath Street UNIT 3, Old Orchard Beach, ME, 04064 | 5.13% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

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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 $2,520/mo, and a $2,883/mo payment. Purchase price stands at $589,000, and rental yield measures 5.13% with $2,520/mo rent. Return on cash invested shows 9.7% in year one, and 5% annual appreciation builds toward $162,730 over five years. Five-year ROI reaches 49.31% and total cumulative return in cash records $95,558. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,520/mo property income covering a $2,883/mo payment rather than investor’s personal income.

Condo

Built in 2006

2.85 Acres lot

$N/A/sqft

$475 monthly HOA

More details about the property

Whether you're looking for a year-round home, a vacation retreat, or an investment property, this charming townhouse-style condominium offers the best of coastal living. Located in the heart of Old Orchard Beach, it's just a short stroll to the iconic seven-mile beach and all the amenities of the downtown areaincluding restaurants, the Pier, and Palace Playland Amusement Park. With the feel of a single-family home and the convenience of low-maintenance condo living, this well-maintained 3-bedroom, 2.5-bath property is a rare find. The cook's kitchen features quartz countertops, and stainless steel appliances, and opens to a comfortable living area with a cozy gas fireplace and beautiful hardwood floors. Two bedrooms are located on the third floor, including a spacious primary suite with a private deck offering partial ocean views. A third bedroom on the entry level provides flexibility for guests or a home office. Enjoy the ocean air from the deck off the kitchen or relax by the heated in-ground pool after a day at the beach. Additional highlights include a one-car garage, guest parking, and weekly rental potential. Just a short drive to shopping and Dunegrass Golf Clubthis one truly has it all!

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

Price History

Date	Event	Price
2025-04-24	Listed for sale	$589,000
2014-07-25	Sold	$322,000
2014-04-22	Listed for sale	$329,000

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
2024-04-28	$4839.00	N/A	$424,500	N/A
2023-04-28	$4839.00	5.52%	$424,500	13.29%
2022-04-28	$4586.00	4.44%	$374,700	20.83%

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Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Condo
Year Built: 2006
Architectural Style: Other
Building Area: 2,400
Living Area: 2,400 sqft
Property Condition: N/A

Features & Amenities

Heating: Radiant, Hot Water, Baseboard
Cooling: None
Flooring: Wood, Tile
Interior Features: Walk-In Closet(s), 1st Floor Bedroom, Bathtub, Primary Bedroom w/Bath
Exterior Features: N/A
Parking Features: Reserved Parking, 1 - 4 Spaces, Paved, Inside Entrance

Location

City: Old Orchard Beach
State: ME
Subdivision: Tupelo Woods Condominiums
Lot Size: 2.85 Acres
Lot Features: Level, City Lot, Near Golf Course, Near Shopping, Neighborhood, Near Public Transit
View: Scenic

HOA & Fees

HOA Fee: $475 monthly
Association Fee: $475 monthly
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: N/A
Sewer: Public Sewer
Water Source: Public
Road Surface Type: Paved

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: N/A • Signature Homes Real Estate Group, LLC

Mls Name: Maine Listings

Mls Provider: Mls

Mls ID: #1619548

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. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782

7 Heath Street UNIT 3,Old Orchard Beach,ME,04064

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

7 Heath Street UNIT 3Old Orchard BeachME04064