64 Candlewood LaneWellsME04090
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 3.24% gross rental yield, 64 Candlewood Lane, Wells, ME, 04090 in Wells is priced for capital growth, not immediate cash flow. The $799,900 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $220,998 by year five, with $7,367/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.60) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $117,874.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.2% | 5.8% |
| Monthly Cash Flow | $(2,888) | $1,850 |
City averages based on Wells market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,160 |
| Total Monthly Debt Service | $4,730 |
| DSCR Ratio | 0.46x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1974
0.46 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
5,913
Single Family
5,727
Multi-Family
186
Businesses
417
Nearby investment properties with comparable rents
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
Single Family
Built in 1974
0.46 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
5,913
Single Family
5,727
Multi-Family
186
Businesses
417
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices