9 Glover RoadRumfordME04276
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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 Rumford at 9 Glover Road, Rumford, ME, 04276 priced at $450,000 pairs $3,078/mo rent with $238/mo cash flow after a $2,203/mo payment. Total monthly income equals $3,078/mo, and annual cash flow comes to $2,850/yr on $149,175 invested. Return on cash invested is 21.82% in year one, and rental yield stands at 8.21% on a $450,000 basis. Equity gained on principal adds $2,904/yr, and 5% annual appreciation accumulates to $124,327 by year five. Five-year ROI measures 113.26% and total cumulative return in cash reaches $168,954. For financing, Ziffy Mortgage’s DSCR program evaluates $3,078/mo property income against a $2,203/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1976
1.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04276, Rumford, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,222 (100%) |
| Owner Occupied HU | 1,690 (52.5%) |
| Renter Occupied HU | 1,107 (34.4%) |
| Vacant Housing Units | 425 (13.2%) |
| Median Home Value | $128,477 |
| Average Home Value | $191,876 |
Housing Distribution
Address Breakdown
Residential
2,736
Single Family
2,593
Multi-Family
143
Businesses
193
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