952 Post Road UNIT 7, Wells, ME, 04090 | 7.85% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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952 Post Road UNIT 7, Wells, ME, 04090 | 7.85% Rental Yield | Ziffy

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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 952 Post Road UNIT 7, Wells, ME, 04090 generates $2,160/mo in rent, after a $1,615/mo payment. Total monthly income is $2,160/mo. Return on cash invested sits at 17.47% in year one, and rental yield is 7.85% on a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 91.13% and total cumulative return in cash sums $99,695. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,160/mo property income rather than buyer’s personal income.

Condo

Built in 1987

3,920 sqft lot

$N/A/sqft

$300 monthly HOA

More details about the property

This beautifully updated, year-round condo offers the perfect blend of charm, comfort, and versatility. Featuring 2 bedrooms and a large enclosed loft in addition, there is plenty of space for you and your guests. Just a mile from Wells Beach and steps from local shopping and dining, the location couldn't be more ideal. Whether you're searching for a cozy home, a seasonal getaway, or an income-generating investment, this condo is ready to meet your needs. Inside, the thoughtfully designed space features an open-concept kitchen and living area, creating a bright and airy environment that's perfect for entertaining or relaxing. The 2017 renovation added modern flair while maintaining a welcoming feel. In-unit laundry provides convenience, and the enclosed loft offers endless possibilities - use it as a guest room, office, or creative space. Rentals are welcome. Stylish and turnkey, this condo is a rare gem. Whether you make it your permanent residence or a vacation retreat, the opportunities are endless. Modern finishes, a prime location, and thoughtful updates throughout - this is the lifestyle you've been waiting for in Wells. This is priced to sell, don't miss out on this exceptional opportunity!

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

Price History

Date	Event	Price
2024-10-22	Listed for sale	$330,000
2023-12-11	Sold	$299,900
2023-11-24	Pending sale	$299,900

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
No tax history data available

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6 Hanson Street, Somersworth, NH, 03878

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1766 sft

5 Nash Parkway, Somersworth, NH, 03878

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1 Bath
564 sft

48 Polly Ann MHP Park, Dover, NH, 03820

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911 White Cedars Boulevard UNIT 911, Portsmouth, NH, 03801

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Condo
Year Built: 1987
Architectural Style: Other
Building Area: 1,090
Living Area: 1,090 sqft
Property Condition: N/A

Features & Amenities

Heating: Heat Pump, Direct Vent Heater
Cooling: Heat Pump
Flooring: N/A
Interior Features: 1st Floor Bedroom, Attic, One-Floor Living
Exterior Features: N/A
Parking Features: 21+ Spaces, Paved, Common, On Site

Location

City: Wells
State: ME
Subdivision: N/A
Lot Size: 3,920 sqft
Lot Features: Level, Open Lot, Sidewalks, City Lot, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Retail Strip, Near Railroad
View: N/A

HOA & Fees

HOA Fee: $300 monthly
Association Fee: $300 monthly
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: N/A
Sewer: Public Sewer
Water Source: Public
Road Surface Type: Paved

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: N/A • Keller Williams Coastal and Lakes & Mountains Realty

Mls Name: Maine Listings

Mls Provider: Mls

Mls ID: #1607476

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. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782

952 Post Road UNIT 7,Wells,ME,04090

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

952 Post Road UNIT 7WellsME04090