50 George Wright RoadWoolwichME04579
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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 Woolwich at 50 George Wright Road, Woolwich, ME, 04579 offers $1,852/mo rent that, after a $2,070/mo payment. Total monthly income is $1,852/mo. Return on cash invested measures 12.92% in year one, and rental yield stands at 5.25% at a $423,000 entry. Equity gained on principal adds $2,730/yr while 5% annual appreciation compounds into $116,867 by year five. Five-year ROI records 65.49% and total cumulative return in cash reaches $91,837. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,852/mo property income versus a $2,070/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1978
0.78 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 04579, Woolwich, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,525 (100%) |
| Owner Occupied HU | 1,242 (81.4%) |
| Renter Occupied HU | 121 ( 7.9%) |
| Vacant Housing Units | 162 (10.6%) |
| Median Home Value | $354,044 |
| Average Home Value | $484,356 |
Housing Distribution
Address Breakdown
Residential
1,292
Single Family
1,292
Multi-Family
0
Businesses
55
Price History
Date | Event | Price |
|---|---|---|
| 2025-09-02 | Listing removed | $1,600 |
| 2025-08-11 | Listed for rent | $1,600 |
| 2025-08-08 | Sold | $423,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-29 | $2680.00 | N/A | $174,000 | N/A |
| 2022-10-29 | $2680.00 | N/A | $174,000 | N/A |
| 2021-10-29 | $2680.00 | N/A | $174,000 | N/A |
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Facts & Features
General Information
- Type: MultiFamily
- Year Built: 1978
- Architectural Style: Dutch Colonial
- Building Area: 1,866
- Living Area: 1,866 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Baseboard, Hot Water
- Cooling: None
- Flooring: Carpet, Vinyl, Wood
- Interior Features: In-Law Floorplan
- Exterior Features: N/A
- Parking Features: Paved, 1 - 4 Spaces, On Site, Garage Door Opener
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Private Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: N/A • Vitalius Real Estate Group
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1627006
Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782