42 Yankee AvenueBangorME04401
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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
Rental property for sale in Bangor at 42 Yankee Avenue, Bangor, ME, 04401 priced at $389,000 converts $2,316/mo rent into after a $1,904/mo obligation. Total monthly income equals $2,316/mo. Return on cash invested prints 18.61% in year one, and rental yield reads 7.14% against a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation compiles into $107,474 by year five. Five-year ROI reaches 96.06% and total cumulative return in cash sums $123,870. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,316/mo property income covering a $1,904/mo payment, not borrower’s personal income.
Single Family
Built in 1992
0.39 Acres lot
$N/A/sqft
No 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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