7 Billington LaneBowdoinhamME04008
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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 Bowdoinham at 7 Billington Lane, Bowdoinham, ME, 04008 with 5% annual appreciation on a $219,000 basis while $3,124/mo rent supports operations. Total monthly income totals $3,124/mo and a $1,072/mo payment preserves $1,742/mo for cash returns. Annual cash flow comes to $20,901/yr on $72,599 deployed, and return on cash invested reaches 48.7% in year one. Equity gained on principal adds $1,413/yr, and five-year appreciation sums $60,506 alongside rental yield of 17.12%. Five-year ROI measures 257.41% and total cumulative return in cash totals $186,873.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,124/mo property income versus a $1,072/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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
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Listed by: N/A • Coldwell Banker Realty
Mls Name: Maine Listings
Mls ID: #1638076