7 Whistler Landing Landing UNIT 7, Scarborough, ME, 04074 | 7.95% Rental Yield

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Monthly Cash Flow: 1 - 3k+

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7 Whistler Landing Landing UNIT 7, Scarborough, ME, 04074 | 7.95% Rental Yield | Ziffy

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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

Rental property for sale in Scarborough at 7 Whistler Landing Landing UNIT 7, Scarborough, ME, 04074 priced at $425,000 converts $2,814/mo rent into after a $2,080/mo obligation. Total monthly income equals $2,814/mo. Return on cash invested prints 17.29% in year one, and rental yield reads 7.95% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 90.31% and total cumulative return in cash sums $127,241. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,814/mo property income covering a $2,080/mo payment, not borrower’s personal income.

Townhouse

Built in 1987

N/A lot

$N/A/sqft

$439 monthly HOA

More details about the property

Welcome to this beautifully refreshed 2-bedroom, 2.5-bath condo, nestled in a tranquil coastal community just minutes from three stunning beaches. This meticulously maintained home boasts new flooring and fresh paint throughout, creating a modern and inviting atmosphere. The open-concept living area flows effortlessly into a bright kitchen and dining space, perfect for casual meals or entertaining. The versatile loft provides additional space for a home office, guest room, or cozy retreat. The primary suite offers a spacious walk-in closet and a private, serene ambiance. Step outside to enjoy the peaceful backyard on the balcony or the patio is ideal for relaxing or hosting outdoor gatherings. With a 2-car garage for convenience and direct access to the Eastern Trail for walking or biking, this home perfectly combines coastal charm with practical amenities. Located just minutes from the ocean, shopping, and dining, this condo offers a perfect blend of serenity and accessibility in a sought-after coastal setting. Whether you're looking for a peaceful retreat or an active coastal lifestyle, this home has it all!

Neighborhood Data

Neighborhood data shown for ZIP Code: 04074, Scarborough, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,980 (100%)
Owner Occupied HU	7,257 (66.1%)
Renter Occupied HU	2,431 (22.1%)
Vacant Housing Units	1,292 (11.8%)
Median Home Value	$610,244
Average Home Value	$700,977

Housing Distribution

Address Breakdown

Residential

10,395

Single Family

9,453

Multi-Family

942

Businesses

910

Price History

Date	Event	Price
2024-09-26	Listed for sale	$425,000

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
No tax history data available

Nearby investment properties with comparable rents

1 Bed
1 Bath
2204 sft

342 US Route 1, Scarborough, ME, 04074

3 Bed
2 Bath
966 sft

15 Boardwalk Drive, Saco, ME, 04072

2 Bed
2 Bath
1032 sft

10 Ocean Park Road #4, Old Orchard Beach, ME, 04064

3 Bed
3 Bath
1984 sft

3 Nonesuch Road, Saco, ME, 04072

Nearby investment properties with comparable prices

3 Bed
1 Bath
1008 sft

4 Parker Circle, Saco, ME, 04072

2 Bed
2 Bath
974 sft

7 Wonderbrook Drive #7, Kennebunk, ME, 04043

3 Bed
1 Bath
1208 sft

2 Cottage Avenue, Old Orchard Beach, ME, 04064

4 Bed
2 Bath
1030 sft

12 Raymond Street, Biddeford, ME, 04005

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Townhouse
Year Built: 1987
Architectural Style: Townhouse
Building Area: 1,164
Living Area: 1,164 sqft
Property Condition: N/A

Features & Amenities

Heating: Multi-Zones, Hot Water, Baseboard
Cooling: None
Flooring: N/A
Interior Features: Walk-In Closet(s), Bathtub, Primary Bedroom w/Bath
Exterior Features: N/A
Parking Features: 1 - 4 Spaces, Paved, On Site, Garage Door Opener, Inside Entrance, Off Street

Location

City: Scarborough
State: ME
Subdivision: N/A
Lot Size: N/A
Lot Features: Level, Open Lot, Landscaped, Wooded, Near Golf Course, Near Public Beach, Near Shopping, Near Town, Neighborhood, Suburban
View: N/A

HOA & Fees

HOA Fee: $439 monthly
Association Fee: $439 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 • Real Broker

Mls Name: Maine Listings

Mls Provider: Mls

Mls ID: #1605008

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

7 Whistler Landing Landing UNIT 7,Scarborough,ME,04074

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 Whistler Landing Landing UNIT 7ScarboroughME04074