424 Penobscot StreetRumfordME04276
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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 424 Penobscot Street, Rumford, ME, 04276 uses $119,307 cash to close to unlock $9,530/yr annual cash flow and $794/mo monthly cash flow. Total monthly income runs $3,066/mo, and a $1,762/mo payment keeps the spread at $794/mo. Purchase price stands at $359,900, and rental yield measures 10.22% with $3,066/mo rent. Return on cash invested shows 27.9% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 145.85% and total cumulative return in cash records $174,014. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,066/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 1910
0.28 Acres 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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