23-2 Blue Heron Ln #3WatervilleME04901
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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 Waterville at 23-2 Blue Heron Ln #3, Waterville, ME, 04901 generates $2,149/mo in rent, after a $2,447/mo payment. Total monthly income is $2,149/mo. Return on cash invested sits at 12.62% in year one, and rental yield is 5.16% on a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,113 over five years. Five-year ROI reaches 63.93% and total cumulative return in cash sums $105,936. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,149/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.31 Acres 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: Jennifer Cammack • EXP Realty
Mls Name: eXp Realty
Mls ID: #1635447