5 Wiggins Pond Ln, Kennebunk, ME, 04043 | 6.21% Rental Yield

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5 Wiggins Pond Ln, Kennebunk, ME, 04043 | 6.21% Rental Yield | Ziffy

For Sale

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 Kennebunk at 5 Wiggins Pond Ln, Kennebunk, ME, 04043 priced at $529,000 converts $2,736/mo rent into after a $2,589/mo obligation. Total monthly income equals $2,736/mo. Return on cash invested prints 15.91% in year one, and rental yield reads 6.21% against a $529,000 entry. Equity gained on principal adds $3,414/yr, while 5% annual appreciation compiles into $146,153 by year five. Five-year ROI reaches 81.51% and total cumulative return in cash sums $141,869. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,736/mo property income covering a $2,589/mo payment, not borrower’s personal income.

Condo

Built in 1971

1 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to quintessential Kennebunk living in this elegant, move-in-ready two-bedroom, 1.5-bath condominium. Enjoy the convenience of one-floor living just a short stroll from Main Street's shops and restaurants, and minutes from the serene trails of Hope Woods Walking Trails and the Maine Turnpike. This desirable end unit offers the perfect blend of comfort, convenience and privacy. Key Features One-floor living: thoughtfully designed layout with open concept kitchen and den. The bright and airy interior offers abundant natural light, creating a welcoming atmosphere. The updated kitchen offers Cambria countertops, hand crafted tiling and stainless steel appliances. A washer dryer is conveniently tucked away in a kitchen closet. Dining room includes barn doors, new skylights, and radiant heated flooring with direct access to both the garage and the flagstone patio. Private outdoor oasis: Step out onto your back patio, a secluded retreat surrounded by tranquil woods prefect for grilling or relaxing. Garage: A private one-car garage with direct home access offers both convenience and additional storage. Worry-free maintenance: Condo fees include plowing, shoveling, and lawn care. Offers town of Kennebunk water & sewer and electricity provided by Kennebunk Light & Power. This newly updated condominium offers all the best the area has to offer with low maintenance living in a highly desirable location.