9 Seaview AvenueOld 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
Rental property for sale in Old Orchard Beach at 9 Seaview Avenue, Old Orchard Beach, ME, 04064 priced at $445,000 pairs $2,737/mo rent with after a $2,178/mo payment. Total monthly income equals $2,737/mo. Return on cash invested is 19.33% in year one, and rental yield stands at 7.38% on a $445,000 basis. Equity gained on principal adds $2,872/yr, and 5% annual appreciation accumulates to $122,945 by year five. Five-year ROI measures 99.9% and total cumulative return in cash reaches $147,368. For financing, Ziffy Mortgage’s DSCR program evaluates $2,737/mo property income against a $2,178/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
6,098 sqft lot
$N/A/sqft
No 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 • RE/MAX Realty One
Mls Name: Maine Listings
Mls ID: #1641956