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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Rangeley at 1292 Bemis Road, Rangeley, ME, 04970 priced at $459,000 converts $2,316/mo rent into after a $2,247/mo obligation. Total monthly income equals $2,316/mo. Return on cash invested prints 15.32% in year one, and rental yield reads 6.05% against a $459,000 entry. Equity gained on principal adds $2,962/yr, while 5% annual appreciation compiles into $126,813 by year five. Five-year ROI reaches 78.42% and total cumulative return in cash sums $119,327. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,316/mo property income covering a $2,247/mo payment, not borrower’s personal income.
Single Family
Built in 2003
3.90 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 04970, Rangeley, ME area.
| 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 |
Residential
112
Single Family
112
Multi-Family
0
Businesses
119
Date | Event | Price |
|---|---|---|
| 2024-07-19 | Price change | $459,000 |
| 2024-05-23 | Listed for sale | $479,000 |
| 2023-11-07 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: N/A • Morton & Furbish Agency
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1590623
Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
