640 Bald Mountain Road, Rangeley, ME, 04970 | $685/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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640 Bald Mountain Road, Rangeley, ME, 04970 | $685/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

Rental property for sale in Rangeley at 640 Bald Mountain Road, Rangeley, ME, 04970 generates $3,203/mo in rent and, after a $1,953/mo payment, leaves $685/mo in cash flow. Total monthly income is $3,203/mo, and annual cash flow is $8,217/yr on $132,269 invested. Return on cash invested sits at 26.12% in year one, and rental yield is 9.63% on a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 136.32% and total cumulative return in cash sums $180,302. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,203/mo property income rather than buyer’s personal income.

Single Family

Built in 1990

2.20 Acres lot

$N/A/sqft

No HOA

More details about the property

Endless Possibilities await on Bald Mountain Road - Over 2 Acres in Beautiful Rangeley, Maine Unlock the potential of this versatile and inspiring property nestled in the heart of the Rangeley Lakes Region. Situated on a lovely 2.1-acre lot on scenic Bald Mountain Road, this solidly built dwelling offers space, history, and an open canvas for your dreams. Once a knitter's and weaver's school (locally known as ''the Yarn Barn'', and the original site of River's Edge Sport Shop, this property holds a quiet creative energy within its walls. It features a full foundation with a two-car garage below, and above, a spacious, open main level ready for transformation. With a kitchen and bathroom already in place, the structure is equipped to evolve into a warm home, a gallery, a studio, or even a home occupation space. Inside, you'll find a large, open area bathed in natural light, perfect for an artist's loft, workshop, or great room with views of the surrounding forest and seasonal glimpses of Mooselookmeguntic Lake. Outside, the generous lot offers privacy, peace, and the possibility of gardens, outdoor living spaces, or additional development. Located just minutes from Rangeley Lake, hiking trails, and year-round outdoor recreation, this is your opportunity to own a piece of Maine's mountain charmand create something truly special.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04970, Rangeley, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,556 (100%)
Owner Occupied HU	638 (25.0%)
Renter Occupied HU	156 ( 6.1%)
Vacant Housing Units	1,762 (68.9%)
Median Home Value	$372,973
Average Home Value	$448,640