78 E Grand Avenue UNIT 208Old Orchard BeachME04064
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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
Investment Highlights
Investment property for sale in Old Orchard Beach at 78 E Grand Avenue UNIT 208, Old Orchard Beach, ME, 04064 offers a 13.02% rental yield on a $235,000 purchase with $2,549/mo rent. Total monthly income registers $2,549/mo, and a $1,150/mo payment leaves $771/mo available for distribution. Annual cash flow reaches $9,253/yr on $77,903 to close, and return on cash invested stands at 31.79% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,926 over five years. Portfolio math shows five-year ROI at 168.4% and total cumulative return in cash at $131,188. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,549/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1968
0.33 Acres lot
$N/A/sqft
$295 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
6,370
Single Family
5,809
Multi-Family
561
Businesses
355
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Listed by: N/A • Dream Home Realty LLC
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1618029
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. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782