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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% |
Investment property for sale in Old Orchard Beach at 8 Magnolia Drive, Old Orchard Beach, ME, 04064 earns from $3,815/mo rent with a $3,700/mo payment. Total monthly income totals $3,815/mo. ROI tracks 15.27% on current figures, and rental yield reads 6.06% at a $755,900 purchase. Equity gained on principal adds $4,878/yr, and 5% annual appreciation supports $208,841 over five years. Five-year ROI reaches 78.15% and total cumulative return in cash sums $194,350. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,815/mo property income instead of your personal income.
Single Family
Built in 2024
0.34 Acres lot
$N/A/sqft
$450 annually 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 |
|---|---|---|
| 2024-09-26 | Price change | $755,900 |
| 2024-09-14 | Price change | $775,900 |
| 2024-09-07 | Price change | $779,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: N/A • Kre Brokerage Group
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1596100
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
