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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% |
Rental property for sale in Saco at 73 Ocean Park Road UNIT 3, Saco, ME, 04072 priced at $299,000 pairs $2,364/mo rent with $99/mo cash flow after a $1,463/mo payment. Total monthly income equals $2,364/mo, and annual cash flow comes to $1,193/yr on $99,119 invested. Return on cash invested is 21.11% in year one, and rental yield stands at 9.49% on a $299,000 basis. Equity gained on principal adds $1,929/yr, and 5% annual appreciation accumulates to $82,608 by year five. Five-year ROI measures 111.14% and total cumulative return in cash reaches $110,158. For financing, Ziffy Mortgage’s DSCR program evaluates $2,364/mo property income against a $1,463/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1988
5,227 sqft lot
$N/A/sqft
$378 monthly HOA
Neighborhood data shown for ZIP Code: 04072, Saco, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,169 (100%) |
| Owner Occupied HU | 6,451 (63.4%) |
| Renter Occupied HU | 2,842 (27.9%) |
| Vacant Housing Units | 876 ( 8.6%) |
| Median Home Value | $440,416 |
| Average Home Value | $473,380 |
Residential
9,563
Single Family
8,876
Multi-Family
687
Businesses
678
Date | Event | Price |
|---|---|---|
| 2024-11-08 | Listed for sale | $299,000 |
| 2017-08-17 | Sold | $152,000 |
| 2017-06-06 | Listed for sale | $144,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-11-11 | $3147.00 | 4.59% | $171,700 | 7.72% |
| 2021-11-11 | $3009.00 | N/A | $159,400 | N/A |
| 2020-11-11 | $3009.00 | 5.62% | $159,400 | 8.44% |
Listed by: N/A • Coldwell Banker Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1608991
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
