130 Wilton Rd · Farmington, ME 04938

$285,000

3 bd · 2.0 ba · 1,184 sqft · Other · 51 Days on market

Built 2024 0.43 ac lot $241/sqft · 19% above area Est $239k · 19% over ↓ 16% since listing

---

Why this score? — see what drove the D+ 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 +15.4/30.0
• Appreciation +10.0/10.0
• Schools +6.7/10.0
• DSCR +4.7/10.0
• Livability +4.0/5.0
• 1% rule +3.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0

Listing remarks MLS

Whether you're dreaming of a cozy movie room, a space for the pool table, or simply room to grow, this thoughtfully designed 3-bedroom, 2-bath home has the bones to make it happen. Completed in August 2024, the unfinished basement is a blank canvas ready for your vision -- and the rest of the house is already doing the heavy lifting. Built for comfort and ease, the home features a 4-head heat pump system and propane furnace to keep you warm through Maine winters, plus the peace of mind that comes with town water and sewer. Step outside to a private deck overlooking a serene backyard, with seasonal river views that remind you why you chose this spot in the first place. Tucked in a convenient location, you're less than an hour from three of Maine's premier ski destinations -- Sugarloaf, Saddleback, and Sunday River. With a proven rental history to professionals, this property has already shown its appeal -- and with furnishings available, it could be ready to welcome guests from day one. Low maintenance, move-in ready, and full of possibility -- this one is ready to become home.

Key facts

• Private deck
• Seasonal river views
• Unfinished basement

Tags

• UNFINISHED BASEMENT
• PRIVATE DECK
• SEASONAL RIVER VIEWS
• CONVENIENT LOCATION
• PROVEN RENTAL HISTORY

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $285k.

Deal economics

• At list price, monthly cash flow is $109 ($1k/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 $250k (12.3% below list).
• Recommended offer: $250k (12.3% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 4.8% in Farmington — 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 80/100 on livability (#18 in ME, #1,653 nationally) — a professional / high-income tenant draw. Strengths: cost of living A+, health & safety A+, crime A-; Watch: schools D, employment D-.
• RSU 09 (rural): math 78% / reading 82% proficiency, ranked #88 of 112 in ME (top 79%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Market conditions: 90 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 164 units permitted in Franklin County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $30k of equity ($2k loan paydown + $28k appreciation (10.0% local appreciation)).
• Franklin County population projected at -21% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $80k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$49k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 51 days — a 3% lower offer ($276k) is reasonable based on typical stale-listing flexibility.

Recommended offer $250,000 (12.3% below list)

Questions for the listing agent

1. It's been on market 51 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.88% ✗
• Cap rate: 6.75%
• Cash-on-cash: 1.64%
• DSCR: 1.07
• GRM: 9.5

CMA / ARV

• ARV (median comp): $239,348
• List price: $285,000
• Delta: 19.07%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 25.5%
• Equity multiple: 3.03×
• Total profit: $162,120
• Equity at exit: $256,751

10-year hold

• IRR: 22.4%
• Equity multiple: 6.91×
• Total profit: $471,918
• Equity at exit: $553,692

Cash invested: $79,800 (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 04938

• Home prices YoY: 6.4%
• Active inventory: 90
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $2,500 medium
• Mortgage (P&I): −$1,495
• Tax from tax record: −$253 /mo · $3,035/yr
• Insurance: −$119
• HOA: −$0
• Vacancy / Maint / Mgmt: −$525
• Net cashflow: $109

Break-even live

Break-even rent $2,362

Max offer price $285,000

Occupancy floor 91%

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: $71,250
• Closing costs: $8,550
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
114 Perham St Unit 114 Perham St, 2nd Fl Farmington, ME	2.0	1.0	1500	$2,500	$1.67	44d	1	0.78mi

Listing history 10 events

1. 2026-04-17
   price $285,000 1093-char remark

   Show marketing remark (1093 chars)

   Whether you're dreaming of a cozy movie room, a space for the pool table, or simply room to grow, this thoughtfully designed 3-bedroom, 2-bath home has the bones to make it happen. Completed in August 2024, the unfinished basement is a blank canvas ready for your vision -- and the rest of the house is already doing the heavy lifting. Built for comfort and ease, the home features a 4-head heat pump system and propane furnace to keep you warm through Maine winters, plus the peace of mind that comes with town water and sewer. Step outside to a private deck overlooking a serene backyard, with seasonal river views that remind you why you chose this spot in the first place. Tucked in a convenient location, you're less than an hour from three of Maine's premier ski destinations -- Sugarloaf, Saddleback, and Sunday River. With a proven rental history to professionals, this property has already shown its appeal -- and with furnishings available, it could be ready to welcome guests from day one. Low maintenance, move-in ready, and full of possibility -- this one is ready to become home.

2. 2026-04-01
   listed $289,000 Active 1093-char remark

   Show marketing remark (1093 chars)

   Whether you're dreaming of a cozy movie room, a space for the pool table, or simply room to grow, this thoughtfully designed 3-bedroom, 2-bath home has the bones to make it happen. Completed in August 2024, the unfinished basement is a blank canvas ready for your vision -- and the rest of the house is already doing the heavy lifting. Built for comfort and ease, the home features a 4-head heat pump system and propane furnace to keep you warm through Maine winters, plus the peace of mind that comes with town water and sewer. Step outside to a private deck overlooking a serene backyard, with seasonal river views that remind you why you chose this spot in the first place. Tucked in a convenient location, you're less than an hour from three of Maine's premier ski destinations -- Sugarloaf, Saddleback, and Sunday River. With a proven rental history to professionals, this property has already shown its appeal -- and with furnishings available, it could be ready to welcome guests from day one. Low maintenance, move-in ready, and full of possibility -- this one is ready to become home.

3. 2025-07-31
   price $287,000
4. 2025-07-14
   price $289,000
5. 2025-06-10
   price $291,000
6. 2025-05-27
   price $293,000
7. 2025-05-01
   price $295,000
8. 2025-03-17
   price $299,000
9. 2025-02-14
   price $319,000
10. 2024-09-11
    price $339,000

ⓘ 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: $3,035 · $253/mo
• Projected year-2 tax: $3,456 · $288/mo
• Expected delta: +$420/yr (+$35/mo · 13.9%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥91°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 10% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,000
• − Mortgage interest: −$15,964
• − Property taxes: −$3,035
• − Insurance: −$1,425
• − Repairs & maintenance: −$2,400
• − Management: −$2,400
• − Depreciation: −$8,291
• Taxable loss: −$3,515
• Est. tax savings @ 24.0%: +$844
• After-tax cash flow: $2,149/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 09
• NCES district ID: 2314809
• Math proficiency: 78% ▲ 48.00%
• Reading proficiency: 82% ▲ 31.00%
• Median HH income: $40,202
• Composite: 66.71/100
• National rank: #409
• State rank: #88 of 112 in ME

Livability — Farmington

• Score: 80/100
• State rank: #18
• US rank: #1653

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Farmington, ME
• Population (ZIP): 10,368

Population outlook (Franklin County) Hauer SSP2

• Today (2025): 28,948 people
• By 2030: 27,889 · -3.7%
• By 2040: 25,275 · -12.7%
• By 2050: 22,770 · -21.3%
• By 2075: 18,980 · -34.4%
• By 2100: 16,816 · -41.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Lithuanian 11% Italian 3% Slovak 2%
• Foreign-born: 4% · Canada
• Languages at home: 98% English-only · French/Haitian/Cajun 1%

Political lean MEDSL · Franklin

• 2024 margin: Lean R (+8.2) · D 44.8% · R 53.0% · Other 2.2%
• 2008→2024 swing: -28.5pp toward R · 2008: 20.3pp · 2024: -8.2pp
• All cycles: 2024: R+8.2 2020: R+3.9 2016: R+5.5 2012: D+18.5 2008: D+20.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 19.53%
• Current HPI: 325.7666
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

-15.9% since first listed

10 events — show timeline

• 2026-04-17 Price Changed $285,000 MREIS
• 2026-04-01 Listed $289,000 MREIS
• 2025-07-31 Price Changed $287,000 MREIS
• 2025-07-14 Price Changed $289,000 MREIS
• 2025-06-10 Price Changed $291,000 MREIS
• 2025-05-27 Price Changed $293,000 MREIS
• 2025-05-01 Price Changed $295,000 MREIS
• 2025-03-17 Price Changed $299,000 MREIS
• 2025-02-14 Price Changed $319,000 MREIS
• 2024-09-11 Price Changed $339,000 MREIS

Property tax history

+15.2%/yr

Latest (2025): $3,035 · +762.2% YoY. Source: county tax records.