57 Webhannet Drive, Wells, ME, 04090 | 4.39% Rental Yield

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57 Webhannet Drive, Wells, ME, 04090 | 4.39% 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 Wells at 57 Webhannet Drive, Wells, ME, 04090 priced at $699,900 pairs $2,558/mo rent with after a $3,426/mo payment. Total monthly income equals $2,558/mo. Return on cash invested is 10.37% in year one, and rental yield stands at 4.39% on a $699,900 basis. Equity gained on principal adds $4,516/yr, and 5% annual appreciation accumulates to $193,369 by year five. Five-year ROI measures 51.82% and total cumulative return in cash reaches $119,324. For financing, Ziffy Mortgage’s DSCR program evaluates $2,558/mo property income against a $3,426/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1920

3,920 sqft lot

$N/A/sqft

No HOA

More details about the property

Have you been dreaming of a house on the water in Wells and thought it wasn't possibly for $700K or under? Welcome to 57 Webhannet Drive located on the Rachel Carson Wildlife Refuge with unobstructed views of the Marsh in your back yard! This 2 bedroom, 1 bath home has been in the same family for almost 100 years and they are ready to pass the torch to a new family to make life long memories! The home has been used year round but is selling as is as seen and the forced hot air heating system is not currently working & will need to be replaced. There is cathedral ceilings throughout the home with multiple skylights allowing fabulous natural light into the home. The appliances all stay in the home and there is even a stackable washer & dryer! My favorite part of this property is the back deck overlooking the Rachel Carson Wildlife Refuge/Marsh. The views are unsurpassed and are always changing by the hour. You can kayak or paddle board right in your backyard (unless its low tide of course). There is a shed on the property, vinyl siding, and the home has never had any water inside in all the years of ownership (but water has been in the dirt basement under the home). Come take a peek at this gem in the making, you won't be disappointed!

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