47 Sanger AvenueWatervilleME04901
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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
Investment Highlights
Rental property for sale in Waterville at 47 Sanger Avenue, Waterville, ME, 04901 priced at $219,900 pairs $1,466/mo rent with $78/mo cash flow after a $1,076/mo payment. Total monthly income equals $1,466/mo, and annual cash flow comes to $942/yr on $72,897 invested. Return on cash invested is 21.2% in year one, and rental yield stands at 8% on a $219,900 basis. Equity gained on principal adds $1,419/yr, and 5% annual appreciation accumulates to $60,754 by year five. Five-year ROI measures 109.94% and total cumulative return in cash reaches $80,140. For financing, Ziffy Mortgage’s DSCR program evaluates $1,466/mo property income against a $1,076/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
7,405 sqft 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: N/A • Real Broker
Mls Name: Maine Listings
Mls ID: #1641202