35 Burnt Mill Road #BWellsME04090
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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 Wells at 35 Burnt Mill Road #B, Wells, ME, 04090 priced at $395,500 pairs $3,803/mo rent with $1,307/mo cash flow after a $1,936/mo payment. Total monthly income equals $3,803/mo, and annual cash flow comes to $15,681/yr on $131,108 invested. Return on cash invested is 31.87% in year one, and rental yield stands at 11.54% on a $395,500 basis. Equity gained on principal adds $2,552/yr, and 5% annual appreciation accumulates to $109,269 by year five. Five-year ROI measures 167.13% and total cumulative return in cash reaches $219,127. For financing, Ziffy Mortgage’s DSCR program evaluates $3,803/mo property income against a $1,936/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2003
0.46 Acres lot
$N/A/sqft
No 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
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