9 Bourne Avenue #A1, Wells, ME, 04090 | $194/mo Cash Flow

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9 Bourne Avenue #A1, Wells, ME, 04090 | $194/mo Cash Flow | 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

Investment property for sale in Wells at 9 Bourne Avenue #A1, Wells, ME, 04090 at $145,000 posts ROI 24.74% with $194/mo cash flow from $1,109/mo rent. Total monthly income equals $1,109/mo, and annual cash flow records $2,323/yr on $48,068 to close. Return on cash invested measures 24.74% and rental yield reads 9.18% at the current $145,000. Equity gained on principal adds $936/yr, and 5% annual appreciation supports $40,061 by year five. Five-year ROI prints 128.99% and total cumulative return in cash totals $62,000.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,109/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Manufactured

Built in 1991

1,742 sqft lot

$N/A/sqft

No HOA

More details about the property

Seasonal Mobile Home Condo - Walk to Moody Beach! Own your piece of the Maine coast with this charming seasonal home, open from April 15th to October 15th, just a short walk to beautiful Moody Beach via sidewalks right from the property. You own the Land! This beautiful condo offers a bright and open layout with a kitchen, living room in a spacious Florida roomperfect for relaxing after a day at the beach. Includes one bedroom with a queen-size bed. A renovated full bathroom with a tub/shower combination is conveniently located off the main living space. Additional sleeping options can be easily added in the living room and den with the pull-out couches. Furniture negotiable and can convey with a bill of sale. This home features forced hot air heat powered by propane and central air conditioning, ensuring comfort throughout the season. A storage shed provides space for your beach and outdoor gear. Located in a well-managed community, the annual association fee includes water, sewer, trash and a generous credit toward electricity! Renovated in 2022, updates include a new roof on main home, kitchen cabinets, a refreshed bathroom, and an open-concept layout for the living and dining areas. Affordable, low-maintenance, and steps from the shoredon't miss this Moody Beach getaway!

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