181 Wyman Hill Rd · Rumford, ME 04276

$122,900

2 bd · 1.0 ba · 924 sqft · Manufactured public records · 237 Days on market

Built 1997 2.20 ac lot

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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 +24.9/30.0
• Appreciation +10.0/10.0
• DSCR +8.1/10.0
• ARV discount +7.5/15.0
• Schools +6.3/10.0
• 1% rule +5.9/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Looking for a property in a peaceful, private setting? This 1997 two-bedroom, one-bath mobile home could be your perfect retreat! Tucked away from the road, this hidden gem offers quiet country living while still being close to local amenities. Enjoy direct access to nearby ATV and ITS trails, along with great fishing, hiking, and countless outdoor adventures right at your doorstep. Located just 10 minutes from Black Mountain of Maine and 30 minutes from Sunday River Ski Resort, this property offers endless opportunities for year-round fun. The home is in need of some updates, giving you the chance to add your own style and value. Whether you're looking for a great getaway spot, a cozy year-round home, or a smart investment opportunity, this property has the potential to become exactly what you envision! Property to be sold ''as is''.

Key facts

• 2.2 acre lot
• Parking
• Built 1997

Tags

• DIRECT ACCESS TO ATV TRAILS
• DIRECT ACCESS TO ITS TRAILS
• 10 MINUTES FROM BLACK MOUNTAIN

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $123k.

Deal economics

• At list price, monthly cash flow is $265 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $123k).
• Recommended offer: $108k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.9% vs local median 5.5% in Rumford — 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 75/100 on livability (#39 in ME, #4,030 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: commute D, schools F, 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: 82 active listings in the ZIP; 329 units permitted in Oxford County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $13k of equity ($850 loan paydown + $12k appreciation (10.0% local appreciation)).
• Oxford 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 $34k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 237 days — a 12% lower offer ($108k) is reasonable based on typical stale-listing flexibility.

Recommended offer $108,152 (12.0% below list)

Questions for the listing agent

1. It's been on market 237 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.09% ✓
• Cap rate: 8.88%
• Cash-on-cash: 9.25%
• DSCR: 1.41
• GRM: 7.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 31.0%
• Equity multiple: 3.44×
• Total profit: $83,814
• Equity at exit: $110,718

10-year hold

• IRR: 26.8%
• Equity multiple: 7.79×
• Total profit: $233,504
• Equity at exit: $238,768

Cash invested: $34,412 (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 04276

• Home prices YoY: 4.4%
• Active inventory: 82
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,339 medium
• Mortgage (P&I): −$645
• Tax from tax record: −$97 /mo · $1,165/yr
• Insurance: −$51
• HOA: −$0
• Vacancy / Maint / Mgmt: −$281
• Net cashflow: $265

Break-even live

Break-even rent $1,004

Max offer price $122,900

Occupancy floor 75%

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: $30,725
• Closing costs: $3,687
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-18
   days on market $122,900 Active 237 DOM
2. 2026-06-17
   days on market $122,900 Active 236 DOM
3. 2026-06-16
   days on market $122,900 Active 235 DOM
4. 2026-06-15
   days on market $122,900 Active 234 DOM
5. 2026-06-13
   days on market $122,900 Active 232 DOM
6. 2026-06-12
   days on market $122,900 Active 231 DOM
7. 2026-06-09
   days on market $122,900 Active 228 DOM
8. 2026-06-08
   days on market $122,900 Active 227 DOM
9. 2026-06-07
   days on market $122,900 Active 226 DOM
10. 2026-06-07
    days on market $122,900 Active 225 DOM
11. 2026-06-04
    days on market $122,900 Active 222 DOM
12. 2026-06-02
    days on market $122,900 Active 221 DOM
13. 2026-06-01
    days on market $122,900 Active 220 DOM
14. 2026-05-31
    days on market $122,900 Active 219 DOM
15. 2026-05-31
    days on market $122,900 Active 218 DOM
16. 2025-10-24
    listed $122,900 Active 846-char remark

    Show marketing remark (846 chars)

    Looking for a property in a peaceful, private setting? This 1997 two-bedroom, one-bath mobile home could be your perfect retreat! Tucked away from the road, this hidden gem offers quiet country living while still being close to local amenities. Enjoy direct access to nearby ATV and ITS trails, along with great fishing, hiking, and countless outdoor adventures right at your doorstep. Located just 10 minutes from Black Mountain of Maine and 30 minutes from Sunday River Ski Resort, this property offers endless opportunities for year-round fun. The home is in need of some updates, giving you the chance to add your own style and value. Whether you're looking for a great getaway spot, a cozy year-round home, or a smart investment opportunity, this property has the potential to become exactly what you envision! Property to be sold ''as is''.

ⓘ 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: $1,165 · $97/mo
• Projected year-2 tax: $1,418 · $118/mo
• Expected delta: +$253/yr (+$21/mo · 21.7%)

ⓘ 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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥91°F today · 17 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 6% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,071
• − Mortgage interest: −$6,884
• − Property taxes: −$1,165
• − Insurance: −$614
• − Repairs & maintenance: −$1,286
• − Management: −$1,286
• − Depreciation: −$3,575
• Taxable income: $1,261
• Est. tax owed @ 24.0%: −$303
• After-tax cash flow: $2,880/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 — Rumford

• Score: 75/100
• State rank: #39
• US rank: #4030

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 5,918

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 (94%)
• Race & ethnicity: White 94% Two or more races 4%
• Common ancestry: Lithuanian 27% Slovak 5% German 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · French/Haitian/Cajun 1% Tagalog/Filipino 1%

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: ▲ 12.73%
• Current HPI: 301.2786
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

1 event — show timeline

• 2025-10-24 Listed $122,900 MREIS

Property tax history

-0.8%/yr

Latest (2025): $1,165 · +12.7% YoY. Source: county tax records.