22 First Rangeway, Waterville, ME, 04901 | $10/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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22 First Rangeway, Waterville, ME, 04901 | $10/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

Rental property for sale in Waterville at 22 First Rangeway, Waterville, ME, 04901 priced at $335,000 pairs $2,125/mo rent with $10/mo cash flow after a $1,640/mo payment. Total monthly income equals $2,125/mo, and annual cash flow comes to $125/yr on $111,053 invested. Return on cash invested is 20.02% in year one, and rental yield stands at 7.61% on a $335,000 basis. Equity gained on principal adds $2,162/yr, and 5% annual appreciation accumulates to $92,554 by year five. Five-year ROI measures 103.61% and total cumulative return in cash reaches $115,064. For financing, Ziffy Mortgage’s DSCR program evaluates $2,125/mo property income against a $1,640/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1945

0.64 Acres lot

$N/A/sqft

No HOA

More details about the property

This move-in-ready home blends refined character with modern updates throughout. The stylishly renovated kitchen features quartz countertops, subway tile backsplash, an undermount Kohler sink, new cabinetry, and durable vinyl plank flooring. The full bath has been reimagined with a larger footprint and includes a granite-topped vanity, new cabinet, updated tub/shower, toilet, and vinyl plank flooring. Enjoy the natural light in the peaceful living room with a cozy fireplace and new European-style windows. The dining room, with its new front-facing window, opens to the covered porchperfect for morning coffee or unwinding after work. Additional upgrades include: all-new electrical wiring with grounded outlets, updated lighting in every room (including automatic closet lights), newly sanded hardwood floors, fresh interior paint, and a brand-new backyard lawn. A truly delightful home, ready to be enjoyed from day one!

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