21 Cardinal Way #21, Waterville, ME, 04901 | 4.03% Rental Yield

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21 Cardinal Way #21, Waterville, ME, 04901 | 4.03% Rental Yield | 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

Rental property for sale in Waterville at 21 Cardinal Way #21, Waterville, ME, 04901 generates $1,240/mo in rent, after a $1,809/mo payment. Total monthly income is $1,240/mo. Return on cash invested sits at 9.21% in year one, and rental yield is 4.03% on a $369,500 entry. Equity gained on principal adds $2,384/yr, while 5% annual appreciation builds toward $102,086 over five years. Five-year ROI reaches 45.62% and total cumulative return in cash sums $55,876. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,240/mo property income rather than buyer’s personal income.

Condo

Built in 2005

N/A lot

$N/A/sqft

No HOA

More details about the property

One level living at its finest! This first floor, 2 bedroom, 2 full bath condo is located at the end of the street in a desirable, sought-after neighborhood. Features an open floor plan, modern kitchen with all appliances, separate dining area, large living room with a propane fireplace that opens to a lovely four-season sunroom! Primary bedroom has a modern, updated bath with walk-in shower. (Actually both baths have walk-in showers). Lovely hardwood floors throughout. All this plus a deck off the back to enjoy in the summer evenings. An attached garage & full private basement. Small dogs are welcome! Don't miss this special place!

Neighborhood Data

Neighborhood data shown for ZIP Code: 04901, Waterville, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,740 (100%)
Owner Occupied HU	7,081 (55.6%)
Renter Occupied HU	4,624 (36.3%)
Vacant Housing Units	1,035 ( 8.1%)
Median Home Value	$219,128
Average Home Value	$243,970