6 Dix Ave · Mexico, ME 04257

$165,000

6 bd · 3.0 ba · 2,584 sqft · Other · 55 Days on market

Built 1920 6,969 sqft lot $64/sqft · at area comps Est $173k · at est.

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Why this score? — see what drove the C 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 +17.7/30.0
• ARV discount +9.5/15.0
• Schools +6.3/10.0
• DSCR +5.5/10.0
• 1% rule +4.4/10.0
• Appreciation +3.8/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Well-maintained, fully occupied 3-unit offering immediate cash flow and minimal deferred maintenance. The building features a new furnace installed in 2023 along with numerous recent renovations completed across the units, providing peace of mind for the next owner. All units are currently rented providing consistent income from day one. Updates have been made with long-term durability in mind, reducing near-term capital expenditure and operational risk. A solid opportunity for an investor seeking a stabilized asset with upside through rent optimization or continued operational efficiencies. Strong addition to any portfolio--ideal for both seasoned investors, owner occupiers, and those looking to acquire a reliable multifamily asset.

Key facts

• New furnace
• Immediate cash flow
• Consistent income

Tags

• NEW FURNACE
• RECENT RENOVATIONS
• FULLY OCCUPIED
• IMMEDIATE CASH FLOW
• CONSISTENT INCOME
• LONG-TERM DURABILITY

What this means for you Summary

Snapshot

• This is a 6-bed/3.0-bath other listed at $165k.

Deal economics

• At list price, monthly cash flow is $133 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $156k (5.7% below list).
• Recommended offer: $156k (5.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 76/100 on livability (#35 in ME, #3,803 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, health & safety A+; Watch: commute D+, schools D-, amenities F.
• RSU 10 (rural): math 72% / reading 79% proficiency, ranked #107 of 112 in ME (top 96%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Market conditions: 34 active listings in the ZIP; 329 units permitted in Oxford County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-2.4%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Oxford County population projected at -21% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 55 days — a 3% lower offer ($160k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $155,579 (5.7% below list)

Questions for the listing agent

1. It's been on market 55 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 0.94% ✗
• Cap rate: 7.26%
• Cash-on-cash: 3.46%
• DSCR: 1.15
• GRM: 8.8

CMA / ARV

• ARV (median comp): $172,793
• List price: $165,000
• Delta: -4.51%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-2.39% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -7.8%
• Equity multiple: 0.70×
• Total profit: $-14,022
• Equity at exit: $29,113

10-year hold

• IRR: 0.7%
• Equity multiple: 1.05×
• Total profit: $2,399
• Equity at exit: $22,137

Cash invested: $46,200 (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 04257

• Home prices YoY: -0.9%
• Active inventory: 34
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,556 medium
• Mortgage (P&I): −$865
• Tax from tax record: −$162 /mo · $1,943/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$327
• Net cashflow: $133

Break-even live

Break-even rent $1,387

Max offer price $165,000

Occupancy floor 86%

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Listing history 3 events

1. 2026-04-14
   status Active 743-char remark

   Show marketing remark (743 chars)

   Well-maintained, fully occupied 3-unit offering immediate cash flow and minimal deferred maintenance. The building features a new furnace installed in 2023 along with numerous recent renovations completed across the units, providing peace of mind for the next owner. All units are currently rented providing consistent income from day one. Updates have been made with long-term durability in mind, reducing near-term capital expenditure and operational risk. A solid opportunity for an investor seeking a stabilized asset with upside through rent optimization or continued operational efficiencies. Strong addition to any portfolio--ideal for both seasoned investors, owner occupiers, and those looking to acquire a reliable multifamily asset.

2. 2026-03-06
   status Pending 743-char remark

   Show marketing remark (743 chars)

   Well-maintained, fully occupied 3-unit offering immediate cash flow and minimal deferred maintenance. The building features a new furnace installed in 2023 along with numerous recent renovations completed across the units, providing peace of mind for the next owner. All units are currently rented providing consistent income from day one. Updates have been made with long-term durability in mind, reducing near-term capital expenditure and operational risk. A solid opportunity for an investor seeking a stabilized asset with upside through rent optimization or continued operational efficiencies. Strong addition to any portfolio--ideal for both seasoned investors, owner occupiers, and those looking to acquire a reliable multifamily asset.

3. 2026-02-23
   listed $165,000 Active 743-char remark

   Show marketing remark (743 chars)

   Well-maintained, fully occupied 3-unit offering immediate cash flow and minimal deferred maintenance. The building features a new furnace installed in 2023 along with numerous recent renovations completed across the units, providing peace of mind for the next owner. All units are currently rented providing consistent income from day one. Updates have been made with long-term durability in mind, reducing near-term capital expenditure and operational risk. A solid opportunity for an investor seeking a stabilized asset with upside through rent optimization or continued operational efficiencies. Strong addition to any portfolio--ideal for both seasoned investors, owner occupiers, and those looking to acquire a reliable multifamily asset.

ⓘ 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: $1,943 · $162/mo
• Projected year-2 tax: $2,094 · $174/mo
• Expected delta: +$150/yr (+$13/mo · 7.7%)

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

Taxation est. · year 1

• Rental income: $18,669
• − Mortgage interest: −$9,243
• − Property taxes: −$1,943
• − Insurance: −$825
• − Repairs & maintenance: −$1,494
• − Management: −$1,494
• − Depreciation: −$4,800
• Taxable loss: −$1,128
• Est. tax savings @ 24.0%: +$271
• After-tax cash flow: $1,868/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.

Schools (NCES district)

• District: RSU 10
• NCES district ID: 2314795
• Math proficiency: 72% ▲ 50.00%
• Reading proficiency: 79% ▲ 34.00%
• Median HH income: $37,647
• Composite: 62.72/100
• National rank: #671
• State rank: #107 of 112 in ME

Livability — Mexico

• Score: 76/100
• State rank: #35
• US rank: #3803

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mexico, ME
• Population (ZIP): 2,772

Population outlook (Oxford County) Hauer SSP2

• Today (2025): 55,853 people
• By 2030: 54,190 · -3.0%
• By 2040: 49,484 · -11.4%
• By 2050: 43,958 · -21.3%
• By 2075: 32,308 · -42.2%
• By 2100: 21,858 · -60.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (97%)
• Race & ethnicity: White 97% Two or more races 2%
• Common ancestry: Lithuanian 22% Italian 3% Slovak 3%
• Foreign-born: 0% · Canada
• Languages at home: 98% English-only · French/Haitian/Cajun 2%

Political lean MEDSL · Oxford

• 2024 margin: R (+12.9) · D 42.7% · R 55.6% · Other 1.7%
• 2008→2024 swing: -28.9pp toward R · 2008: 16.0pp · 2024: -12.9pp
• All cycles: 2024: R+12.9 2020: R+8.8 2016: R+13.0 2012: D+14.9 2008: D+16.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -2.39%
• Current HPI: 263.5537
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

3 events — show timeline

• 2026-04-14 Relisted — MREIS
• 2026-03-06 Pending — MREIS
• 2026-02-23 Listed $165,000 MREIS

Property tax history

+1.1%/yr

Latest (2024): $1,943 · -0.7% YoY. Source: county tax records.