19 Glendale Rd · Caribou, ME 04736

$69,000

3 bd · 1.0 ba · 450 sqft · SingleFamily public records · 240 Days on market

Built 1927 Fair condition 7,840 sqft lot $153/sqft · 27% above area

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +27.0/30.0
• DSCR +9.3/10.0
• Schools +8.7/10.0
• ARV discount +7.5/15.0
• 1% rule +7.2/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

✨ Charming Caribou Fixer-Upper With Endless Potential! ✨ Tucked away on a quiet, quaint side street yet just minutes from shopping and daily conveniences, this home is the perfect canvas for your imagination and creativity. Inside, you'll find 2 bedrooms — a spacious master suite with private bath — plus a large loft that's ideal for a home office, studio, or bonus living space. The open-concept kitchen, dining, and living area makes entertaining a breeze, while first-floor laundry keeps life simple with true one-level living. Outside, a detached two-car garage offers plenty of storage and workspace. Bring your vision and turn this well-located property into the home you've always dreamed of!

Key facts

• 7,840 sq ft lot
• 2 garage spots
• Built 1927

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $69k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $192 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($841 rent vs $69k).
• Recommended offer: $61k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.6% vs local median 3.4% in Caribou — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 74/100 on livability (#46 in ME, #4,849 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment D+, amenities F, commute F.
• RSU 39 (town): math 82% / reading 83% proficiency, ranked #79 of 112 in ME (top 70%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Zoned schools: Caribou Community School (math 81% / reading 83%, grade A+, #155 of 294 statewide, top 59%, 750 students, 49% FRL); Caribou High School (math 92% / reading 92%, grade A+, #27 of 108 statewide, top 36%, 470 students, 51% FRL) — zoned schools at 50% FRL track the district average.
• Market conditions: 134 active listings in the ZIP; 112 units permitted in Aroostook County in 2024 (45 in 5+ unit buildings).
• This rent is only 18% of the median local income ($56k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $477 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Aroostook County population projected at -33% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $19k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 240 days — a 12% lower offer ($61k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 7y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $50k; 38% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1927 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $60,720 (12.0% below list)

Questions for the listing agent

1. It's been on market 240 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1927 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.22% ✓
• Cap rate: 9.64%
• Cash-on-cash: 11.94%
• DSCR: 1.53
• GRM: 6.8

CMA / ARV

• ARV (median comp): $143,061
• List price: $69,000
• Delta: -51.77%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
60 Katahdin Ave	1.34mi	2/1.0 (-1)	576 (+28%)	2mo	$90,000	$156	33

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 1.4%
• Equity multiple: 1.06×
• Total profit: $1,069
• Equity at exit: $10,288

10-year hold

• IRR: 11.1%
• Equity multiple: 1.87×
• Total profit: $16,732
• Equity at exit: $5,966

Cash invested: $19,320 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 41 Moderately Tenant-Leaning
• State Maine: 41 Moderately Tenant-Leaning · D+2
• County: — inherits STATE
• City: — inherits STATE

Portland has rent control referendum (2020); strong habitability; security deposit caps.

Methodology + full state rankings →

ZIP-level market 04736

• Home prices YoY: -18.6%
• Active inventory: 134
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $841 medium
• Mortgage (P&I): −$362
• Tax from tax record: −$82 /mo · $980/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$177
• Net cashflow: $192

Break-even live

Break-even rent $598

Max offer price $69,000

Occupancy floor 72%

Sensitivity live

Price	-10% $231	-5% $212	+0% $192	+5% $173	+10% $153
Rent	-10% $126	-5% $159	+0% $192	+5% $225	+10% $259
Rate	-1.0pp $227	-0.5pp $210	base $192	+0.5pp $174	+1.0pp $156

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $17,250
• Closing costs: $2,070
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Listing history 50 events

1. 2026-09-24
   days on market $69,000 Active 240 DOM
2. 2026-09-23
   days on market $69,000 Active 239 DOM
3. 2026-09-20
   days on market $69,000 Active 236 DOM
4. 2026-09-19
   days on market $69,000 Active 235 DOM
5. 2026-09-19
   days on market $69,000 Active 234 DOM
6. 2026-09-17
   days on market $69,000 Active 233 DOM
7. 2026-09-17
   days on market $69,000 Active 232 DOM
8. 2026-09-16
   days on market $69,000 Active 231 DOM
9. 2026-09-14
   days on market $69,000 Active 230 DOM
10. 2026-09-13
    days on market $69,000 Active 229 DOM
11. 2026-09-12
    days on market $69,000 Active 228 DOM
12. 2026-09-11
    days on market $69,000 Active 227 DOM
13. 2026-09-05
    days on market $69,000 Active 221 DOM
14. 2026-09-04
    days on market $69,000 Active 220 DOM
15. 2026-09-03
    days on market $69,000 Active 219 DOM
16. 2026-09-02
    days on market $69,000 Active 218 DOM
17. 2026-08-29
    days on market $69,000 Active 214 DOM
18. 2026-08-28
    days on market $69,000 Active 213 DOM
19. 2026-08-27
    days on market $69,000 Active 212 DOM
20. 2026-08-25
    days on market $69,000 Active 210 DOM
21. 2026-08-24
    days on market $69,000 Active 209 DOM
22. 2026-08-23
    days on market $69,000 Active 208 DOM
23. 2026-08-22
    days on market $69,000 Active 207 DOM
24. 2026-08-21
    days on market $69,000 Active 206 DOM
25. 2026-08-20
    days on market $69,000 Active 205 DOM
26. 2026-08-19
    days on market $69,000 Active 204 DOM
27. 2026-08-18
    days on market $69,000 Active 203 DOM
28. 2026-08-17
    days on market $69,000 Active 202 DOM
29. 2026-08-16
    days on market $69,000 Active 201 DOM
30. 2026-08-15
    days on market $69,000 Active 200 DOM
31. 2026-08-15
    days on market $69,000 Active 199 DOM
32. 2026-08-13
    days on market $69,000 Active 198 DOM
33. 2026-08-12
    days on market $69,000 Active 197 DOM
34. 2026-08-11
    days on market $69,000 Active 196 DOM
35. 2026-08-10
    days on market $69,000 Active 195 DOM
36. 2026-08-09
    days on market $69,000 Active 194 DOM
37. 2026-08-08
    days on market $69,000 Active 193 DOM
38. 2026-08-07
    days on market $69,000 Active 192 DOM
39. 2026-08-06
    days on market $69,000 Active 191 DOM
40. 2026-08-05
    price $69,000 Active 190 DOM
41. 2026-08-05
    days on market $70,000 Active 190 DOM
42. 2026-08-04
    days on market $70,000 Active 189 DOM
43. 2026-08-03
    days on market $70,000 Active 188 DOM
44. 2026-07-31
    days on market $70,000 Active 185 DOM
45. 2026-07-30
    days on market $70,000 Active 184 DOM
46. 2026-07-29
    days on market $70,000 Active 183 DOM
47. 2026-07-27
    days on market $70,000 Active 181 DOM
48. 2026-07-25
    days on market $70,000 Active 179 DOM
49. 2026-07-24
    days on market $70,000 Active 178 DOM
50. 2026-07-23
    days on market $70,000 Active 177 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast ME · Partial reset (capped growth)

• Current annual tax: $980 · $82/mo
• Projected year-2 tax: $980 · $82/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $10,093
• − Mortgage interest: −$3,865
• − Property taxes: −$980
• − Insurance: −$345
• − Repairs & maintenance: −$807
• − Management: −$807
• − Depreciation: −$2,007
• Taxable income: $1,281
• Est. tax owed @ 24.0%: −$307
• After-tax cash flow: $1,999/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 2 photos

Fair 45/100 Moderate rehab Est. rehab $11,250–$20,250 screening

This fixer-upper in Caribou, ME requires significant repairs and maintenance, including a new roof, exterior siding, and landscaping. Upgrading these areas would significantly increase its resale and rental value.

Components & finishes AI

Roof metal · good

Repairs flagged

• Major roof — Signs of wear and discoloration suggest significant damage.
• Major exterior siding — Peeling paint and chipping paint indicate severe deterioration.
• Major landscaping — Overgrown and unkempt landscaping detracts from the property's curb appeal.
• Major interior walls/paint — The exterior condition suggests the interior may be in a similar state of disrepair.
• Major HVAC/mechanicals — No photos of the systems are provided, but the overall condition suggests they may need maintenance or replacement.
• Major flooring — No flooring is visible, but the exterior condition suggests it may be worn or damaged.

Value-add opportunities

• Both repair roof — A new roof would significantly improve the home's appearance and value. ↑
• Both repair exterior siding — New siding would enhance the home's curb appeal and increase its value. ↑
• Both landscaping — A well-maintained landscape would improve the home's curb appeal and attract potential buyers. ↑
• Both HVAC systems — Upgrading HVAC systems would improve comfort and energy efficiency, increasing both resale and rental value. ↑
• Both paint interior — Fresh paint inside would make the home more appealing and increase its value. ↑
• Both replace flooring — New flooring would improve the home's appearance and increase its value. ↑

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

A Composite school gradezoned avg 87/100

Zoned Schools

Elementary Caribou Community School A+ ME #155/294 Nat'l #849/41,679 High Caribou High School A+ ME #27/108 Nat'l #281/17,239

Schools (NCES district)

• District: RSU 39
• NCES district ID: 2314794
• Math proficiency: 82% ▲ 55.00%
• Reading proficiency: 83% ▲ 39.00%
• Median HH income: $38,159
• Composite: 68.6/100
• National rank: #341
• State rank: #79 of 112 in ME

B Composite livability gradescore 74/100

Livability — Caribou

• Score: 74/100
• State rank: #46
• US rank: #4849

Category grades

Amenities F Commute F Cost of living A+ Crime A Employment D+ Housing A+ Health & safety A+ User ratings B-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Caribou, ME
• County: Aroostook · 61,905 people
• City population: 9,107
• Population (ZIP): 9,107
• Household income: $56,189
• Rent vs Own: 22.4% rent · 77.6% own
• Severe rent burden: 8% of renters

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Population outlook (Aroostook County) Hauer SSP2

• Today (2025): 61,905 people
• By 2030: 57,815 · -6.6%
• By 2040: 49,240 · -20.5%
• By 2050: 41,386 · -33.1%
• By 2075: 27,664 · -55.3%
• By 2100: 18,974 · -69.3%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 5%
• Common ancestry: Lithuanian 28% Slovak 3% Serbian 1%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · French/Haitian/Cajun 7%

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Political lean MEDSL · Aroostook

• 2024 margin: Strong R (+26.2) · D 36.2% · R 62.4% · Other 1.4%
• 2008→2024 swing: -35.8pp toward R · 2008: 9.6pp · 2024: -26.2pp
• All cycles: 2024: R+26.2 2020: R+19.9 2016: R+17.3 2012: D+7.7 2008: D+9.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -50.06%
• Current HPI: 219.5142
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+118.8% since first listed

16 events — show timeline

• 2026-01-28 Listed $70,000 MREIS
• 2026-01-15 Price Changed $27,400 MREIS
• 2025-12-31 Price Changed $29,900 MREIS
• 2025-12-09 Price Changed $32,000 MREIS
• 2025-12-01 Price Changed $39,900 MREIS
• 2023-09-13 Sold (MLS) $50,000 MREIS
• 2023-08-18 Contingent — MREIS
• 2023-08-17 Price Changed $50,000 MREIS
• 2023-08-07 Listed $65,000 MREIS
• 2020-05-22 Sold (MLS) $7,000 MREIS
• 2020-05-06 Pending — MREIS
• 2020-03-05 Price Changed $12,900 MREIS
• 2019-12-05 Price Changed $14,900 MREIS
• 2019-10-30 Listed $24,900 MREIS
• 2019-06-14 Price Changed $29,000 MREIS
• 2019-05-14 Price Changed $32,000 MREIS

Property tax history

-2.8%/yr

Latest (2024): $980 · -39.2% YoY. Source: county tax records.