256 Jackson Pond RoadBinghamME04920
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Bingham at 256 Jackson Pond Road, Bingham, ME, 04920 offers $900/mo rent that, after a $565/mo payment, leaves $171/mo cash flow. Total monthly income is $900/mo, and annual cash flow is $2,056/yr on $38,288 cash. Return on cash invested measures 25.28% in year one, and rental yield stands at 9.35% at a $115,500 entry. Equity gained on principal adds $745/yr while 5% annual appreciation compounds into $31,911 by year five. Five-year ROI records 131.88% and total cumulative return in cash reaches $50,494. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $900/mo property income versus a $565/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2011
3.59 Acres 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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