40 Ellis Court, Bangor, ME, 04401 | $662/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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40 Ellis Court, Bangor, ME, 04401 | $662/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Bangor at 40 Ellis Court, Bangor, ME, 04401 offers a 9.54% rental yield on a $404,900 purchase with $3,218/mo rent. Total monthly income registers $3,218/mo, and a $1,982/mo payment leaves $662/mo available for distribution. Annual cash flow reaches $7,949/yr on $134,224 to close, and return on cash invested stands at 25.83% in year one. Equity gained on principal adds $2,613/yr while 5% annual appreciation supports $111,866 over five years. Portfolio math shows five-year ROI at 134.78% and total cumulative return in cash at $180,906. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,218/mo property income against a $1,982/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2018

10,018 sqft lot

$N/A/sqft

No HOA

More details about the property

LOCATION! LOCATION! LOCATION! Welcome to your dream home. This newer construction is truly a gem nestled in a charming subdivision just minutes from downtown Bangor, easy access to all the amenities, from shopping and dining to parks and concerts. The open layout features a bright and airy living space, perfect for entertaining or family gatherings. The well-appointed kitchen boasts modern appliances and ample storage, making it a chef's delight. Four decent-sized bedrooms and two full modern bathrooms with brand new washer and dryer, this home is designed for comfort and convenience. Step out the beautiful yard to enjoy your outdoor activities and relaxation. The two-car garage provides secure parking and additional storage space. This perfect home awaits you, look no further!

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