21 Meadow View Lane #21WatervilleME04901
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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
Investment property for sale in Waterville at 21 Meadow View Lane #21, Waterville, ME, 04901 uses $62,654 cash to close to unlock $567/yr annual cash flow and $47/mo monthly cash flow. Total monthly income runs $1,240/mo, and a $925/mo payment keeps the spread at $47/mo. Purchase price stands at $189,000, and rental yield measures 7.87% with $1,240/mo rent. Return on cash invested shows 20.81% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 107.91% and total cumulative return in cash records $67,606. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,240/mo property income covering a $925/mo payment rather than investor’s personal income.
Condo
Built in 1993
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
11,552
Single Family
10,471
Multi-Family
1,081
Businesses
922
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Listed by: N/A • Keller Williams Realty
Mls Name: Maine Listings
Mls ID: #1638776