232 Dead River Road, Bowdoin, ME, 04287 | $1,929/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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232 Dead River Road, Bowdoin, ME, 04287 | $1,929/mo Cash Flow | Ziffy

For Sale

Listed for sale 2 days ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Bowdoin at 232 Dead River Road, Bowdoin, ME, 04287 offers $5,400/mo rent that, after a $2,692/mo payment, leaves $1,929/mo cash flow. Total monthly income is $5,400/mo, and annual cash flow is $23,146/yr on $180,950 cash. Return on cash invested measures 32.85% in year one, and rental yield stands at 11.78% at a $550,000 entry. Equity gained on principal adds $3,549/yr while 5% annual appreciation compounds into $151,955 by year five. Five-year ROI records 172.38% and total cumulative return in cash reaches $311,914. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,400/mo property income versus a $2,692/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2003

2.48 Acres lot

$N/A/sqft

No HOA

More details about the property

Nestled on 2.48 acres, this recently updated 2,960 square foot colonial-style home in Bowdoin offers privacy just 9 minutes to I-295. Recent upgrades include a freshly painted interior throughout, refinishing of all wood floors, and new carpet installed on the second floor. Enter through the two bay garageattached for your unloading convenience. Stop messes in their tracks with a mudroom and a half bath with laundry off the garage. The spacious kitchen offers ample storage space and flows into the backyard for ease of entertaining. Keep warm in the winter or take the edge off cool summer days in the living room with a propane fireplace and pellet stove. The formal dining room is tucked away for formal gatherings and could serve as a first floor bedroom. Upstairs, you'll find the spacious primary bedroom with ensuite bath as well as three additional bedrooms that share a full bath with dual sinks. The full basement with woodstove provides ample storage space with the opportunity for additional living space. Outside, low maintenance plantings and a spacious yard on all four sides awaits. Just 14 minutes to Richmond, 19 minutes to Topsham, and 45 minutes to Portland.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04287, Bowdoin, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,284 (100%)
Owner Occupied HU	1,110 (86.4%)
Renter Occupied HU	122 ( 9.5%)
Vacant Housing Units	52 ( 4.0%)
Median Home Value	$288,147
Average Home Value	$310,119