9 Fern Avenue, Old Orchard Beach, ME, 04064 | $111/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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9 Fern Avenue, Old Orchard Beach, ME, 04064 | $111/mo Cash Flow | 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

Rental property for sale in Old Orchard Beach at 9 Fern Avenue, Old Orchard Beach, ME, 04064 generates $4,207/mo in rent and, after a $3,177/mo payment, leaves $111/mo in cash flow. Total monthly income is $4,207/mo, and annual cash flow is $1,327/yr on $213,521 invested. Return on cash invested sits at 20.68% in year one, and rental yield is 7.78% on a $649,000 entry. Equity gained on principal adds $4,188/yr, while 5% annual appreciation builds toward $179,307 over five years. Five-year ROI reaches 107.12% and total cumulative return in cash sums $228,720. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,207/mo property income rather than buyer’s personal income.

Single Family

Built in 1941

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

Just steps from the Atlantic Ocean! This fully rebuilt 3BR, 2BA by Conlon Development home offers the feel of brand-new construction in an unbeatable coastal location. Ocean views from all 3 bedrooms & upstairs bath. Walk less than 5 minutes and you're on 7 miles of sandy beach! Every detail has been redonenew roof, siding, windows, doors, flooring, paint, insulation, kitchen, and baths. The kitchen shines with quartz countertops, new cabinets, appliances, and lighting, while both full baths feature custom tile and modern fixtures. Outside, enjoy brand-new Trex decking, fresh landscaping, and a new driveway. Part of a 2-unit condo association with a shared driveway, this is low-maintenance living at its best. Home is projected to be completed by MID-SEPTEMBER. Turnkey, steps from the sand, and ready for youdon't miss this beachside gem!

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