82 Independence Way #5, Wells, ME, 04090 | 4.71% Rental Yield

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82 Independence Way #5, Wells, ME, 04090 | 4.71% 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 82 Independence Way #5, Wells, ME, 04090 generates $2,040/mo in rent, after a $2,545/mo payment. Total monthly income is $2,040/mo. Return on cash invested sits at 11.35% in year one, and rental yield is 4.71% on a $520,000 entry. Equity gained on principal adds $3,355/yr, while 5% annual appreciation builds toward $143,666 over five years. Five-year ROI reaches 57.09% and total cumulative return in cash sums $97,667. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,040/mo property income rather than buyer’s personal income.

Condo

Built in 2023

97 Acres lot

$N/A/sqft

No HOA

More details about the property

Nestled into nature, this beautiful condo has understated elegance and offers lots of modern touches. With an inviting front porch and private setting, this charming property is just waiting for you. Inside, the first level is sun-drenched and timeless, perfect for relaxing and entertaining friends and family. The open concept layout is entirely devoted to living space with an open kitchen area that flows into the living room and a first floor primary suite. Upstairs, there are an additional two bedrooms, a full bathroom and a bonus room perfect for another bedroom, office or TV area.

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