344 Hancock StRumfordME04276
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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 344 Hancock St, Rumford, ME, 04276 with 5% annual appreciation on a $181,000 basis while $2,032/mo rent supports operations. Total monthly income totals $2,032/mo and a $886/mo payment preserves $751/mo for cash returns. Annual cash flow comes to $9,013/yr on $60,002 deployed, and return on cash invested reaches 34.93% in year one. Equity gained on principal adds $1,168/yr, and five-year appreciation sums $50,007 alongside rental yield of 13.47%. Five-year ROI measures 184.65% and total cumulative return in cash totals $110,791.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,032/mo property income versus a $886/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1902
9,583 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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