718 Main Street #A3, Ogunquit, ME, 03907 | 4.84% Rental Yield

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718 Main Street #A3, Ogunquit, ME, 03907 | 4.84% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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 Ogunquit at 718 Main Street #A3, Ogunquit, ME, 03907 generates $2,652/mo in rent, after a $3,221/mo payment. Total monthly income is $2,652/mo. Return on cash invested sits at 11.74% in year one, and rental yield is 4.84% on a $658,000 entry. Equity gained on principal adds $4,246/yr, while 5% annual appreciation builds toward $181,793 over five years. Five-year ROI reaches 59.15% and total cumulative return in cash sums $128,057. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,652/mo property income rather than buyer’s personal income.

Condo

Built in 1986

N/A lot

$N/A/sqft

No HOA

More details about the property

Sunrise Terrace Condominium Unit A-3 is a two-story end unit encompassing sweeping views of the ever-changing hues of Rachel Carson Wildlife Refuge and the Ogunquit River to the ocean. This two-level end unit is a short distance to the pristine sands of Ogunquit's Footbridge Beach and minutes from local restaurants. Sip your favorite refreshment by the in-ground pool or relax on the private deck and be amazed by the morning sunrise over the ocean or the magnificence of the great blue heron gliding above the tidal marsh. Another great feature - don't leave puppy or kitty home! A medium size pet is permitted! Look no further - here are the ingredients for a vacation getaway recipe: location, ease-of-living, view and an opportunity to live in one of the most desirable areas along the Maine coast. (Basement area in common w/individual storage areas} OPEN HOUSE SATURDAY NOV. 15, 10:00-1:00

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