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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 Bangor at 246 Lincoln Street, Bangor, ME, 04401 priced at $355,000 converts $3,022/mo rent into $774/mo cash flow after a $1,738/mo obligation. Total monthly income equals $3,022/mo, and annual cash flow totals $9,291/yr on $117,683 invested. Return on cash invested prints 27.8% in year one, and rental yield reads 10.22% against a $355,000 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation compiles into $98,080 by year five. Five-year ROI reaches 145.4% and total cumulative return in cash sums $171,108. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,022/mo property income covering a $1,738/mo payment, not borrower’s personal income.
Single Family
Built in 1920
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 04401, Bangor, ME area.
| 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 |
Residential
20,842
Single Family
18,666
Multi-Family
2,176
Businesses
2,184
Date | Event | Price |
|---|---|---|
| 2025-08-04 | Sold | $355,000 |
| 2025-07-10 | Pending sale | $375,000 |
| 2025-05-24 | Contingent | $375,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | $4697.00 | 5.62% | $253,200 | 9.04% |
| 2023-11-01 | $4447.00 | 6.49% | $232,200 | 13.43% |
| 2022-11-01 | $4176.00 | 1.56% | $204,700 | 11.01% |
Listed by: N/A • True North Realty, Inc.
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1623063
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. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
