Lot 24 Ermine RoadRangeleyME04970
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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 Rangeley at Lot 24 Ermine Road, Rangeley, ME, 04970 uses $33,150 cash to close to unlock $1,516/yr annual cash flow and $126/mo monthly cash flow. Total monthly income runs $757/mo, and a $489/mo payment keeps the spread at $126/mo. Purchase price stands at $100,000, and rental yield measures 9.08% with $757/mo rent. Return on cash invested shows 24.48% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 127.61% and total cumulative return in cash records $42,304. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $757/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 2002
15 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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No similar rental properties found nearby.
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