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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% |
Rental property for sale in Wells at 17 Tuttle Lane, Wells, ME, 04090 priced at $649,900 converts $4,789/mo rent into $666/mo cash flow after a $3,181/mo obligation. Total monthly income equals $4,789/mo, and annual cash flow totals $7,998/yr on $213,817 invested. Return on cash invested prints 23.8% in year one, and rental yield reads 8.84% against a $649,900 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation compiles into $179,555 by year five. Five-year ROI reaches 123.89% and total cumulative return in cash sums $264,894. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,789/mo property income covering a $3,181/mo payment, not borrower’s personal income.
Single Family
Built in 2003
1.12 Acres lot
$N/A/sqft
$250 annually 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 |
|---|---|---|
| 2025-07-08 | Listed for sale | $649,900 |
| 2013-02-25 | Sold | $290,000 |
| 2013-01-19 | Pending sale | $309,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-16 | $3672.00 | N/A | $616,110 | N/A |
| 2023-07-16 | $3672.00 | 6.96% | $616,110 | 87.74% |
| 2022-07-16 | $3433.00 | -0.55% | $328,170 | N/A |
Listed by: N/A • Anchor Real Estate
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1629548
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. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
