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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Wells at 9 Bourne Avenue UNIT C8, Wells, ME, 04090 listed at $249,900 pairs $1,704/mo rent with a $1,223/mo payment. Total monthly income runs $1,704/mo. Return on cash invested measures 19.44% in year one, and rental yield registers 8.18% at a $249,900 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,043 by year five. Five-year ROI tracks 101.33% and total cumulative return in cash totals $83,942. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,704/mo property income relative to a $1,223/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2003
1,742 sqft lot
$N/A/sqft
$1,912 annually HOA
Neighborhood data shown for ZIP Code: 04090, Wells, ME area.
| 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 |
Residential
5,913
Single Family
5,727
Multi-Family
186
Businesses
417
Date | Event | Price |
|---|---|---|
| 2025-04-25 | Listed for sale | $249,900 |
| 2019-03-20 | Listing removed | $138,000 |
| 2019-03-20 | Pending sale | $138,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-06 | $573.00 | N/A | $96,070 | N/A |
| 2023-05-06 | $573.00 | -28.20% | $96,070 | 25.94% |
| 2022-05-06 | $798.00 | -0.50% | $76,280 | N/A |
Listed by: N/A • Moody Maxon Real Estate
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1620279
Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
