61 Washington 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 61 Washington Street, Rumford, ME, 04276 uses $54,698 cash to close to unlock $6,867/yr annual cash flow and $572/mo monthly cash flow. Total monthly income runs $1,614/mo, and a $808/mo payment keeps the spread at $572/mo. Purchase price stands at $165,000, and rental yield measures 11.74% with $1,614/mo rent. Return on cash invested shows 32.46% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 170.38% and total cumulative return in cash records $93,191. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,614/mo property income covering a $808/mo payment rather than investor’s personal income.
Multi Family
Built in 1900
4,791 sqft 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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