018-019 Bear LaneRumfordME04276
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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 Rumford at 018-019 Bear Lane, Rumford, ME, 04276 generates $1,410/mo in rent, after a $1,953/mo payment. Total monthly income is $1,410/mo. Return on cash invested sits at 9.85% in year one, and rental yield is 4.24% on a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 49.07% and total cumulative return in cash sums $64,910. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,410/mo property income rather than buyer’s personal income.
Single Family
Built in 2018
83.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04276, Rumford, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,222 (100%) |
| Owner Occupied HU | 1,690 (52.5%) |
| Renter Occupied HU | 1,107 (34.4%) |
| Vacant Housing Units | 425 (13.2%) |
| Median Home Value | $128,477 |
| Average Home Value | $191,876 |
Housing Distribution
Address Breakdown
Residential
2,736
Single Family
2,593
Multi-Family
143
Businesses
193
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