371 Webhannet Drive #1, Wells, ME, 04090 | 3.87% Rental Yield

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371 Webhannet Drive #1, Wells, ME, 04090 | 3.87% Rental Yield | Ziffy

For Sale

Rental Income

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

Investment property for sale in Wells at 371 Webhannet Drive #1, Wells, ME, 04090 listed at $675,000 pairs $2,179/mo rent with a $3,304/mo payment. Total monthly income runs $2,179/mo. Return on cash invested measures 8.81% in year one, and rental yield registers 3.87% at a $675,000 basis. Equity gained on principal adds $4,356/yr, and annual property appreciation at 5% supports $186,490 by year five. Five-year ROI tracks 43.47% and total cumulative return in cash totals $96,531. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,179/mo property income relative to a $3,304/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1870

1,742 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to your coastal escape on Webhannet Drive in beautiful Wells, Maine, where breathtaking ocean and marsh views greet you each day. From your front porch, enjoy mesmerizing sunrises over the Atlantic, and from your back deck, take in the brilliant sunsets casting golden light across the marsh. Inside, the open-concept living room flows effortlessly into a bright kitchen that overlooks the endless ocean. Granite countertops and all brand-new appliances create a perfect setting for entertaining or simply relaxing. With two spacious bedrooms, there's plenty of room for family and guests to enjoy their own slice of seaside serenity. Just a two-minute walk brings you to the sandy shores of Crescent Beach, with ice cream and fresh seafood available right across the street. Private parking for up to three cars is a bonus in this sought-after location. Whether you're seeking oceanfront property or an investment with excellent rental potential, this property offers the perfect blend of comfort, convenience, and coastal beauty.

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