35 Mathews Avenue #33WatervilleME04901
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt 1.78, 35 Mathews Avenue #33, Waterville, ME, 04901 in Waterville sits at the top of Ziffy Mortgage's DSCR coverage band, a significant advantage for non-U.S. buyers closing without domestic income documentation. Rental yield 9.58%. The 9.58% yield is backed by 5% annual appreciation projecting $45,559 in value gain, plus $1,519/yr in principal reduction. Total projected cumulative return: $80,393.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.8% |
| Monthly Cash Flow | $(54) | $450 |
City averages based on Waterville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,316 |
| Total Monthly Debt Service | $975 |
| DSCR Ratio | 1.35x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1988
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
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
Condo
Built in 1988
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Maine Listings
Mls ID: #1655879