1762 Post Road #206, Wells, ME, 04090 | $281/mo Cash Flow

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1762 Post Road #206, Wells, ME, 04090 | $281/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Wells at 1762 Post Road #206, Wells, ME, 04090 uses $57,515 cash to close to unlock $3,375/yr annual cash flow and $281/mo monthly cash flow. Total monthly income runs $1,376/mo, and a $849/mo payment keeps the spread at $281/mo. Purchase price stands at $173,500, and rental yield measures 9.52% with $1,376/mo rent. Return on cash invested shows 25.78% in year one, and 5% annual appreciation builds toward $47,935 over five years. Five-year ROI reaches 134.54% and total cumulative return in cash records $77,380. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,376/mo property income covering a $849/mo payment rather than investor’s personal income.

Condo

Built in 1986

3,484 sqft lot

$N/A/sqft

No HOA

More details about the property

YEAR ROUND Condo at Wellington Manor! Don't miss this wonderful opportunity to own a well-maintained, second-floor year-round condo in a desirable coastal community! This inviting unit offers a spacious layout with a screened-in porch, perfect for relaxing with your morning coffee or evening drink. Enjoy resort-style amenities at the community clubhouse, featuring a full kitchen, pool table, entertaining space, sauna, bathrooms, and an indoor pool perfect for year-round enjoyment. Pet lovers will appreciate the flexible pet policy. Low condo fee includes water, sewer, cable, internet, trash, plowing, landscaping, pool, sauna and clubhouse. There is even a basketball court, swing sets and firepit area. Rentals are permitted here, with the Town of Wells' 28-day rule in effect, making this a great investment or personal getaway. This condo could be sold furnished move right in and start enjoying the best of the Maine coast! Ideally located close to Wells Harbor, Drakes Island Beach, and a fantastic variety of restaurants and shops. Don't miss your chance to own a piece of Maine's beautiful southern coast! This move-in-ready condo checks all the boxeslocation, amenities, updates, and year-round use. Don't miss your chance to own a beautifully updated slice of the Maine coastline! Schedule your private showing today.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04090, Wells, ME area.

Housing Distribution

Housing Statistics

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