358 Rumford RoadRangeleyME04970
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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 Rangeley at 358 Rumford Road, Rangeley, ME, 04970 priced at $1,175,000 pairs $1,387/mo rent with after a $5,751/mo payment. Total monthly income equals $1,387/mo. Return on cash invested is 1.37% in year one, and rental yield stands at 1.42% on a $1,175,000 basis. Equity gained on principal adds $7,582/yr, and 5% annual appreciation accumulates to $324,631 by year five. Five-year ROI measures 3.49% and total cumulative return in cash reaches $13,270. For financing, Ziffy Mortgage’s DSCR program evaluates $1,387/mo property income against a $5,751/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1926
1.96 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04970, Rangeley, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,556 (100%) |
| Owner Occupied HU | 638 (25.0%) |
| Renter Occupied HU | 156 ( 6.1%) |
| Vacant Housing Units | 1,762 (68.9%) |
| Median Home Value | $372,973 |
| Average Home Value | $448,640 |
Housing Distribution
Address Breakdown
Residential
112
Single Family
112
Multi-Family
0
Businesses
119
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