Lot 11 Loon Lake RoadRangeleyME04970
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
Investment property for sale in Rangeley at Lot 11 Loon Lake Road, Rangeley, ME, 04970 listed at $799,000 pairs $2,537/mo rent with a $3,911/mo payment. Total monthly income runs $2,537/mo. Return on cash invested measures 8.62% in year one, and rental yield registers 3.81% at a $799,000 basis. Equity gained on principal adds $5,156/yr, and annual property appreciation at 5% supports $220,749 by year five. Five-year ROI tracks 42.45% and total cumulative return in cash totals $111,594. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,537/mo property income relative to a $3,911/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2023
4.20 Acres lot
$N/A/sqft
No 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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