7 Billington LaneBowdoinhamME04008
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 7 Billington Lane, Bowdoinham, ME, 04008 in Bowdoinham speaks for itself: 17.12% gross on a $219,000 price, generating $3,124/mo in rent and $1,741/mo in net income after the $985/mo debt service. DSCR 3.17, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $20,897 stacks alongside $60,506 in projected five-year appreciation and $2,017/yr in principal reduction. Projected total cumulative return: $195,250.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 17.1% | 5.0% |
| Monthly Cash Flow | $1,741 | $900 |
City averages based on Bowdoinham market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,124 |
| Total Monthly Debt Service | $1,295 |
| DSCR Ratio | 2.41x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1992
0.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04008, Bowdoinham, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,501 (100%) |
| Owner Occupied HU | 1,169 (77.9%) |
| Renter Occupied HU | 188 (12.5%) |
| Vacant Housing Units | 144 ( 9.6%) |
| Median Home Value | $427,358 |
| Average Home Value | $438,319 |
Housing Distribution
Address Breakdown
Residential
1,274
Single Family
1,249
Multi-Family
25
Businesses
62
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1992
0.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04008, Bowdoinham, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,501 (100%) |
| Owner Occupied HU | 1,169 (77.9%) |
| Renter Occupied HU | 188 (12.5%) |
| Vacant Housing Units | 144 ( 9.6%) |
| Median Home Value | $427,358 |
| Average Home Value | $438,319 |
Housing Distribution
Address Breakdown
Residential
1,274
Single Family
1,249
Multi-Family
25
Businesses
62
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Coldwell Banker Realty
Mls Name: Maine Listings
Mls ID: #1638076