30 Rebecca Rd

Ogunquit, ME 03907

$1,290,000D-

3 bd · 2.5 ba · 3,788 sqft · Built 1998 · SingleFamily · Active · 59 DOM

Cashflow @ list (25.0% down · 7.5%)

• Estimated rent: $4,298/mo
• Mortgage (P&I): −$6,765
• Tax + insurance: −$1,015
• HOA: −$0
• Vac / Maint / Mgmt: −$903
• Net cashflow: $-4,385/mo
• Annual: $-52,618/yr
• Cap rate: 2.21%
• Cash-on-cash: -14.57%
• DSCR: 0.35
• 1% rule: 0.33%
• Cash to close: $361,200

Investor read

• This is a 3-bed/2.5-bath single-family listed at $1.29M.
• At list price, monthly cash flow is $-4k ($-53k/yr) — negative.
• To cash-flow at today's rent, offer at most $515k (60.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $430k (66.7% below list).
• It's been on market 59 days — a 3% lower offer ($1.25M) is reasonable based on typical stale-listing flexibility.
• Recommended offer: $430k (66.7% below list) — sets the bar for 1% rule.
• In year one you build about $82k of equity ($9k loan paydown + $73k appreciation (5.6% local appreciation)).
• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Wells-Ogunquit CSD (rural): math 87% / reading 90% proficiency, ranked #32 of 112 in ME (top 29%) — strong family-tenant draw, lease renewals of 3-5y typical; only 17% free/reduced lunch — higher-income household profile.
• Market conditions: 42 active listings in the ZIP; 1,386 units permitted in York County in 2024 (338 in 5+ unit buildings).
• 3 sale attempts since 10y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $565k; list at $1.29M implies a 128% gain — meaningful room to come down on a strong offer.
• By year 2, paydown + projected appreciation supports a ~$131k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.
• Climate carrying-cost: major wind risk, 58% chance of damaging wind over 30y — expect insurance premiums to compound above CPI over the hold.

Questions for listing agent

• What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
• It's been on market 59 days. Have you received any prior offers? Is the seller open to a 67% concession, seller financing, or rate buy-down credit?
• Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
• The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
• What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
• What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
• How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.