36 Edgemont Avenue, Waterville, ME, 04901 | $655/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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36 Edgemont Avenue, Waterville, ME, 04901 | $655/mo Cash Flow | Ziffy

For Sale

Currently Rented

Rental Income

Listed for sale 3 days ago

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 36 Edgemont Avenue, Waterville, ME, 04901 generates $1,665/mo in rent and, after a $783/mo payment, leaves $655/mo in cash flow. Total monthly income is $1,665/mo, and annual cash flow is $7,864/yr on $53,040 invested. Return on cash invested sits at 34.74% in year one, and rental yield is 12.49% on a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 182.58% and total cumulative return in cash sums $96,842. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,665/mo property income rather than buyer’s personal income.

Multi Family

Built in 1940

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

Discover a classic Waterville multi-family home offering investment potential and convenient in-town living. Built in 1940, this two-unit property features separate electric for each unit, providing flexibility for owner occupancy, rental income, or multigenerational living. The first-floor unit offers a traditional layout with a spacious kitchen, comfortable living area, and easy access to the yard. The second-floor unit provides its own private entry and functional floor plan, perfect for long-term tenants or short-term rental opportunities. Outside, enjoy a manageable lot with space for parking and simple outdoor living. Located close to downtown amenities, shopping, dining, and I-95 access, this property delivers both character and convenience. Whether you're expanding your portfolio or looking for a home with income potential, 36 Edgemont Avenue is a smart opportunity in a central location.

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