7 Parmachenee Way UNIT 7RangeleyME04970
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
Investment Highlights
Rental property for sale in Rangeley at 7 Parmachenee Way UNIT 7, Rangeley, ME, 04970 generates $1,387/mo in rent, after a $4,645/mo payment. Total monthly income is $1,387/mo. Return on cash invested sits at 1.43% in year one, and rental yield is 1.75% on a $949,000 entry. Equity gained on principal adds $6,124/yr, while 5% annual appreciation builds toward $262,191 over five years. Five-year ROI reaches 4.22% and total cumulative return in cash sums $13,176. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,387/mo property income rather than buyer’s personal income.
Condo
Built in 2022
4 Acres lot
$N/A/sqft
$735 quarterly HOA
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 |
Housing Distribution
Address Breakdown
Residential
112
Single Family
112
Multi-Family
0
Businesses
119
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Nearby investment properties with comparable prices
Listed by: N/A • Morton & Furbish Agency
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1618884
Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782