178 Edgewood CircleWellsME04090
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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
Investment Highlights
Rental property for sale in Wells at 178 Edgewood Circle, Wells, ME, 04090 priced at $368,500 converts $2,983/mo rent into $657/mo cash flow after a $1,804/mo obligation. Total monthly income equals $2,983/mo, and annual cash flow totals $7,884/yr on $122,158 invested. Return on cash invested prints 26.36% in year one, and rental yield reads 9.71% against a $368,500 entry. Equity gained on principal adds $2,378/yr, while 5% annual appreciation compiles into $101,810 by year five. Five-year ROI reaches 137.59% and total cumulative return in cash sums $168,074. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,983/mo property income covering a $1,804/mo payment, not borrower’s personal income.
Single Family
Built in 1977
0.43 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
5,913
Single Family
5,727
Multi-Family
186
Businesses
417
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