783 Half Township Rd · Lincoln, ME 04457

$92,500

1 bd · None ba · 960 sqft · Other · 3 Days on market

17 ac lot

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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 +19.4/30.0
• ARV discount +7.5/15.0
• Schools +6.8/10.0
• DSCR +6.1/10.0
• 1% rule +5.0/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Escape to a peaceful Maine setting with this cabin on 17+ acres in Lincoln. Sit back and enjoy the sounds of a babbling brook, the breeze through the trees, birds singing, and beautiful fall foliage. The property offers power on-site, a new roof, and new pillars/posts already completed, giving the next owner a strong start toward making the cabin livable. With direct access to ATV and snowmobile trails, this is an ideal spot for outdoor enthusiasts looking for a getaway, hunting base, or recreational retreat. The cabin still needs additional work, but the potential is easy to see.

Key facts

• New pillars
• 17 acres
• Babbling brook

Tags

• 17 ACRES
• BABBLING BROOK
• NEW ROOF
• NEW PILLARS
• DIRECT ACCESS TO ATV TRAILS

Property features AI

Finance

• HOA & community: No pet restrictions

Exterior

• Parking: Gravel parking with 5–10 spaces
• Utilities: Electric on site; Private well water; Septic tank; Utilities served by pole
• Home design: Single family residence; Entry level includes first and second levels; Facing direction not specified
• Construction: Wood frame construction with wood siding; Fiberglass shingle roof; Pillar/post/pier foundation; Year built listed as 999 (unverified)
• Exterior features: Shed(s) on the property; Rural, wooded setting with right-of-way access; Gravel and dirt road access; Waterfront on Coffin Brook with water view

Interior

• Bedrooms: Loft on the second level; Other room on the first level
• Flooring: Wood flooring
• Heating & cooling: Heating present
• Interior features: Unfurnished; Two total rooms; Wood flooring; Crawl space basement

What this means for you Summary

Snapshot

• This is a 1-bed/?-bath other listed at $92k.

Deal economics

• At list price, monthly cash flow is $103 ($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 $92k (0.3% below list).
• Recommended offer: $92k (0.3% below list) — sets the bar for 1% rule.
• Cap rate 7.6% vs local median 2.5% in Lincoln — 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 72/100 on livability (#56 in ME) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, health & safety A+; Watch: schools F, amenities F, commute F.
• RSU 67 (rural): math 79% / reading 85% proficiency, ranked #83 of 112 in ME (top 74%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Market conditions: 69 active listings in the ZIP; 440 units permitted in Penobscot County in 2024 (40 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $640 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Penobscot County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $92,235 (0.3% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
3. 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.
4. 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.
5. 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: 1.00% ✗
• Cap rate: 7.63%
• Cash-on-cash: 4.79%
• DSCR: 1.21
• GRM: 8.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -8.8%
• Equity multiple: 0.68×
• Total profit: $-8,405
• Equity at exit: $13,792

10-year hold

• IRR: 0.6%
• Equity multiple: 1.05×
• Total profit: $1,173
• Equity at exit: $7,998

Cash invested: $25,900 (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 04457

• Home prices YoY: -7.1%
• Active inventory: 69
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $922 medium
• Mortgage (P&I): −$485
• Tax from tax record: −$102 /mo · $1,221/yr
• Insurance: −$39
• HOA: −$0
• Vacancy / Maint / Mgmt: −$194
• Net cashflow: $103

Break-even live

Break-even rent $792

Max offer price $92,500

Occupancy floor 84%

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: $23,125
• Closing costs: $2,775
• Reserves months: —
• Total cash needed: —

Listing history 4 events

1. 2026-06-18
   days on market $92,500 Active 3 DOM
2. 2026-06-17
   days on market $92,500 Active 2 DOM
3. 2026-06-16
   remarks 587-char remark
4. 2026-06-16
   listed $92,500 Active 1 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: $1,221 · $102/mo
• Projected year-2 tax: $1,240 · $103/mo
• Expected delta: +$18/yr (+$2/mo · 1.5%)

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

Taxation est. · year 1

• Rental income: $11,068
• − Mortgage interest: −$5,181
• − Property taxes: −$1,221
• − Insurance: −$462
• − Repairs & maintenance: −$885
• − Management: −$885
• − Depreciation: −$2,691
• Taxable loss: −$259
• Est. tax savings @ 24.0%: +$62
• After-tax cash flow: $1,301/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 67
• NCES district ID: 2314777
• Math proficiency: 79% ▲ 50.00%
• Reading proficiency: 85% ▲ 38.00%
• Median HH income: $36,167
• Composite: 67.98/100
• National rank: #357
• State rank: #83 of 112 in ME

Livability — Lincoln

• Score: 72/100
• State rank: #56
• US rank: #5896

Category grades

Amenities F Commute F 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

• Population (ZIP): 5,755

Population outlook (Penobscot County) Hauer SSP2

• Today (2025): 149,928 people
• By 2030: 146,386 · -2.4%
• By 2040: 135,952 · -9.3%
• By 2050: 123,864 · -17.4%
• By 2075: 97,825 · -34.8%
• By 2100: 77,196 · -48.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (98%)
• Race & ethnicity: White 98% Two or more races 2%
• Common ancestry: Lithuanian 12% Russian 2% Serbian 2%
• Foreign-born: 3% · Canada
• Languages at home: 98% English-only · Other Indo-European 1%

Political lean MEDSL · Penobscot

• 2024 margin: R (+10.9) · D 43.6% · R 54.5% · Other 1.9%
• 2008→2024 swing: -15.9pp toward R · 2008: 5.0pp · 2024: -10.9pp
• All cycles: 2024: R+10.9 2020: R+8.3 2016: R+10.9 2012: D+2.9 2008: D+5.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -19.76%
• Current HPI: 257.4607
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

1 event — show timeline

• 2026-06-15 Listed $92,500 MREIS

Property tax history

+5.0%/yr

Latest (2025): $1,221 · +9.6% YoY. Source: county tax records.