159 Elm Street, Bangor, ME, 04401 | $646/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

159 Elm Street, Bangor, ME, 04401 | $646/mo Cash Flow | Ziffy

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
1 Bath
1547 sft

28 Manning Mill Road, Hampden, ME, 04444

3 Bed
1 Bath
1872 sft

22 Bartley Lane, Bucksport, ME, 04416

3 Bed
1 Bath
1250 sft

25 Carter Road, Etna, ME, 04434

3 Bed
2 Bath
1174 sft

506 Blackstream Road, Hermon, ME, 04401

Nearby investment properties with comparable prices

3 Bed
2 Bath
1278 sft

48 Sixteenth Street, Bangor, ME, 04401

3 Bed
2 Bath
1664 sft

56 Savage Street, Bangor, ME, 04401

3 Bed
1 Bath
1128 sft

41 Webster Avenue N, Bangor, ME, 04401

2 Bed
2 Bath
1650 sft

4 Switzer Spring Road, Prospect, ME, 04981

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Bangor at 159 Elm Street, Bangor, ME, 04401 priced at $275,000 converts $2,382/mo rent into $646/mo cash flow after a $1,346/mo obligation. Total monthly income equals $2,382/mo, and annual cash flow totals $7,757/yr on $91,163 invested. Return on cash invested prints 28.42% in year one, and rental yield reads 10.39% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 148.65% and total cumulative return in cash sums $135,515. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,382/mo property income covering a $1,346/mo payment, not borrower’s personal income.

Multi Family

Built in 1900

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

Well-maintained 2-unit property located close to amenities, schools, and shopping. Recent updates include a new furnace in 2023, fresh interior paint, and new flooring in Unit 1. Unit 2 offers an updated bathroom. Both units are tenant-occupied, providing immediate rental income.

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