74 Macintosh Lane #74, Old Orchard Beach, ME, 04064 | 5.71% Rental Yield

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Monthly Cash Flow: 1 - 3k+

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74 Macintosh Lane #74, Old Orchard Beach, ME, 04064 | 5.71% 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

Total monthly income runs $2,280/mo, and a $2,344/mo payment. Purchase price stands at $479,000, and rental yield measures 5.71% with $2,280/mo rent. Return on cash invested shows 14.3% in year one, and 5% annual appreciation builds toward $132,339 over five years. Five-year ROI reaches 72.91% and total cumulative return in cash records $115,779. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,280/mo property income covering a $2,344/mo payment rather than investor’s personal income.

Condo

Built in 2004

56 Acres lot

$N/A/sqft

No HOA

More details about the property

Make this lovely, spacious condo at Cider Hill yours today! The kitchen with lots of counter and cabinet space and a cozy breakfast bar offers room to gather, cook, and entertain. Enjoy meals with family and friends in the separate dining area with room for a hutch. The gas fireplace with decorative mantel and trim is a warm and inviting centerpiece to enjoy while visiting with guests or curling up with a favorite book. Handsome gleaming hardwood floors grace this open floor plan. The primary bedroom has a large bathroom and walk-in closet. A sunny second bedroom is perfect for guests, a sitting room, and an office. A separate laundry room is convenient and can be closed off to keep things tidy. There is a place for everything with ample closet space and storage above the garage. Step outside and relax on the patio in a peaceful backyard. Mature trees provide privacy along with seasonal colors to enjoy. The Association takes care of the grounds and yard so there is more time to relax, socialize at the clubhouse, attend classes and events, and pursue hobbies. The location is ideally just minutes from beaches, shopping, restaurants, golf, walking trails, and easy access to I95 and the Amtrak station. Your next chapter awaits! OPEN HOUSE SUN 12/7, 1PM-3PM

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