2196 Sanford Road UNIT 41WellsME04090
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Wells at 2196 Sanford Road UNIT 41, Wells, ME, 04090 uses $43,062 cash to close to unlock $23,604/yr annual cash flow and $1,967/mo monthly cash flow. Total monthly income runs $3,114/mo, and a $636/mo payment keeps the spread at $1,967/mo. Purchase price stands at $129,900, and rental yield measures 28.77% with $3,114/mo rent. Return on cash invested shows 74.72% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 400.24% and total cumulative return in cash records $172,351. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,114/mo property income covering a $636/mo payment rather than investor’s personal income.
Manufactured
Built in 1990
N/A lot
$N/A/sqft
$327 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Moody Maxon Real Estate
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1608674
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. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782