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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Wells at 1627 Post Road UNIT 2, Wells, ME, 04090 uses $81,184 cash to close to unlock $1,177/yr annual cash flow and $98/mo monthly cash flow. Total monthly income runs $1,800/mo, and a $1,199/mo payment keeps the spread at $98/mo. Purchase price stands at $244,900, and rental yield measures 8.82% with $1,800/mo rent. Return on cash invested shows 21.36% in year one, and 5% annual appreciation builds toward $67,661 over five years. Five-year ROI reaches 111.68% and total cumulative return in cash records $90,665. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,800/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Condo
Built in 1965
2,613 sqft lot
$N/A/sqft
$156 monthly HOA
Neighborhood data shown for ZIP Code: 04090, Wells, ME area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,925 (100%) |
| Owner Occupied HU | 4,746 (47.8%) |
| Renter Occupied HU | 719 ( 7.2%) |
| Vacant Housing Units | 4,460 (44.9%) |
| Median Home Value | $545,665 |
| Average Home Value | $587,209 |
Residential
5,913
Single Family
5,727
Multi-Family
186
Businesses
417
Date | Event | Price |
|---|---|---|
| 2024-09-17 | Listed for sale | $244,900 |
| 2022-08-11 | Sold | $305,000 |
| 2022-08-01 | Pending sale | $199,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: N/A • EXIT Oceanside Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1603961
Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
