113 Lincoln Street, Bangor, ME, 04401 | $821/mo Cash Flow

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113 Lincoln Street, Bangor, ME, 04401 | $821/mo Cash Flow | Ziffy

For Sale

Currently Rented

Listed for sale today

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

Investment property for sale in Bangor at 113 Lincoln Street, Bangor, ME, 04401 with 5% annual appreciation on a $269,000 basis while $2,519/mo rent supports operations. Total monthly income totals $2,519/mo and a $1,317/mo payment preserves $821/mo for cash returns. Annual cash flow comes to $9,851/yr on $89,174 deployed, and return on cash invested reaches 30.96% in year one. Equity gained on principal adds $1,736/yr, and five-year appreciation sums $74,320 alongside rental yield of 11.24%. Five-year ROI measures 162.24% and total cumulative return in cash totals $144,671.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,519/mo property income versus a $1,317/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Multi Family

Built in 1910

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

The solid Bangor two unit has 4-bedrooms and 1.5 baths with tons of room in the kitchen, living room, dining room and office in apartment one. Large back yard that would be a better use for parking. Upstairs unit has one bedroom, a full bath a kitchen, living room and dining room. It makes more sense to make the second floor a three bedroom with a quick modification on the second floor of the primary unit. Choice is yours as the building is vacant and ready for some fresh paint, a good cleaning and new tenants. This would also be a good owner-occupied property as well.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04401, Bangor, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	21,989 (100%)
Owner Occupied HU	11,478 (52.2%)
Renter Occupied HU	8,838 (40.2%)
Vacant Housing Units	1,673 ( 7.6%)
Median Home Value	$297,425
Average Home Value	$331,226