8, 20, 24, & 46 Martin's LaneBangorME04401
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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
Rental property for sale in Bangor at 8, 20, 24, & 46 Martin's Lane, Bangor, ME, 04401 generates $2,450/mo in rent, after a $6,363/mo payment. Total monthly income is $2,450/mo. Return on cash invested sits at 3.97% in year one, and rental yield is 2.26% on a $1,300,000 entry. Equity gained on principal adds $8,389/yr, while 5% annual appreciation builds toward $359,166 over five years. Five-year ROI reaches 17.47% and total cumulative return in cash sums $73,563. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,450/mo property income rather than buyer’s personal income.
Single Family
Built in 1996
245 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04401, Bangor, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,989 (100%) |
| Owner Occupied HU | 11,478 (52.2%) |
| Renter Occupied HU | 8,838 (40.2%) |
| Vacant Housing Units | 1,673 ( 7.6%) |
| Median Home Value | $297,425 |
| Average Home Value | $331,226 |
Housing Distribution
Address Breakdown
Residential
20,842
Single Family
18,666
Multi-Family
2,176
Businesses
2,184
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