16 Rangeley PlaceRumfordME04276
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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 Rumford at 16 Rangeley Place, Rumford, ME, 04276 offers a 9.54% rental yield on a $153,800 purchase with $1,223/mo rent. Total monthly income registers $1,223/mo, and a $753/mo payment leaves $252/mo available for distribution. Annual cash flow reaches $3,025/yr on $50,985 to close, and return on cash invested stands at 25.84% in year one. Equity gained on principal adds $992/yr while 5% annual appreciation supports $42,492 over five years. Portfolio math shows five-year ROI at 134.91% and total cumulative return in cash at $68,783. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,223/mo property income against a $753/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1905
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04276, Rumford, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,222 (100%) |
| Owner Occupied HU | 1,690 (52.5%) |
| Renter Occupied HU | 1,107 (34.4%) |
| Vacant Housing Units | 425 (13.2%) |
| Median Home Value | $128,477 |
| Average Home Value | $191,876 |
Housing Distribution
Address Breakdown
Residential
2,736
Single Family
2,593
Multi-Family
143
Businesses
193
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