68 Roosevelt 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 68 Roosevelt Avenue, Waterville, ME, 04901 priced at $219,500 converts $1,680/mo rent into $295/mo cash flow after a $1,074/mo obligation. Total monthly income equals $1,680/mo, and annual cash flow totals $3,540/yr on $72,764 invested. Return on cash invested prints 24.77% in year one, and rental yield reads 9.18% against a $219,500 entry. Equity gained on principal adds $1,416/yr, while 5% annual appreciation compiles into $60,644 by year five. Five-year ROI reaches 129.18% and total cumulative return in cash sums $93,994. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,680/mo property income covering a $1,074/mo payment, not borrower’s personal income.
Single Family
Built in 1945
10,454 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 • Century 21 Nason Realty
Mls Name: Maine Listings
Mls ID: #1639719