37 Hunter Drive #37BangorME04401
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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 Bangor at 37 Hunter Drive #37, Bangor, ME, 04401 uses $90,168 cash to close to unlock $8,912/yr annual cash flow and $743/mo monthly cash flow. Total monthly income runs $2,603/mo, and a $1,331/mo payment keeps the spread at $743/mo. Purchase price stands at $272,000, and rental yield measures 11.48% with $2,603/mo rent. Return on cash invested shows 29.79% in year one, and 5% annual appreciation builds toward $75,149 over five years. Five-year ROI reaches 156.7% and total cumulative return in cash records $141,293. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,603/mo property income covering a $1,331/mo payment rather than investor’s personal income.
Condo
Built in 2007
10 Acres lot
$N/A/sqft
$144 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04401, Bangor, ME area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
20,842
Single Family
18,666
Multi-Family
2,176
Businesses
2,184
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Listed by: N/A • First Choice Real Estate
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1636262
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