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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 Old Orchard Beach at 78 E Grand Avenue #103, Old Orchard Beach, ME, 04064 generates $1,928/mo in rent and, after a $1,126/mo payment, leaves $476/mo in cash flow. Total monthly income is $1,928/mo, and annual cash flow is $5,714/yr on $76,245 invested. Return on cash invested sits at 27.4% in year one, and rental yield is 10.06% on a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 143.23% and total cumulative return in cash sums $109,207. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,928/mo property income rather than buyer’s personal income.
Condo
Built in 1948
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 04064, Old Orchard Beach, ME area.
| 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 |
Residential
6,370
Single Family
5,809
Multi-Family
561
Businesses
355
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: N/A • Keller Williams Realty
Mls Name: Maine Listings
Mls ID: #1637406
