14 Preble StBinghamME04920
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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
Investment property for sale in Bingham at 14 Preble St, Bingham, ME, 04920 with 5% annual appreciation on a $239,000 basis while $1,937/mo rent supports operations. Total monthly income totals $1,937/mo and a $1,170/mo payment preserves $428/mo for cash returns. Annual cash flow comes to $5,141/yr on $79,229 deployed, and return on cash invested reaches 26.4% in year one. Equity gained on principal adds $1,542/yr, and five-year appreciation sums $66,031 alongside rental yield of 9.73%. Five-year ROI measures 137.84% and total cumulative return in cash totals $109,212.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,937/mo property income versus a $1,170/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04920, Bingham, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,141 (100%) |
| Owner Occupied HU | 606 (53.1%) |
| Renter Occupied HU | 121 (10.6%) |
| Vacant Housing Units | 414 (36.3%) |
| Median Home Value | $113,806 |
| Average Home Value | $188,152 |
Housing Distribution
Address Breakdown
Residential
512
Single Family
512
Multi-Family
0
Businesses
49
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