124 Birds Eye RoadRangeley PltME04970
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Rangeley Plt at 124 Birds Eye Road, Rangeley Plt, ME, 04970 priced at $357,000 converts $3,426/mo rent into $1,173/mo cash flow after a $1,747/mo obligation. Total monthly income equals $3,426/mo, and annual cash flow totals $14,079/yr on $118,346 invested. Return on cash invested prints 31.81% in year one, and rental yield reads 11.52% against a $357,000 entry. Equity gained on principal adds $2,304/yr, while 5% annual appreciation compiles into $98,633 by year five. Five-year ROI reaches 166.81% and total cumulative return in cash sums $197,416. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,426/mo property income covering a $1,747/mo payment, not borrower’s personal income.
Single Family
Built in 2004
2.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04970, Rangeley, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,556 (100%) |
| Owner Occupied HU | 638 (25.0%) |
| Renter Occupied HU | 156 ( 6.1%) |
| Vacant Housing Units | 1,762 (68.9%) |
| Median Home Value | $372,973 |
| Average Home Value | $448,640 |
Housing Distribution
Address Breakdown
Residential
112
Single Family
112
Multi-Family
0
Businesses
119
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Listed by: N/A • Morton & Furbish Agency
Mls Name: Maine Listings
Mls ID: #1624951