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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% |
Rental property for sale in Wells at 97 Charlie Loop, Wells, ME, 04090 offers $3,292/mo rent that, after a $2,203/mo payment, leaves $452/mo cash flow. Total monthly income is $3,292/mo, and annual cash flow is $5,418/yr on $149,175 cash. Return on cash invested measures 23.54% in year one, and rental yield stands at 8.78% at a $450,000 entry. Equity gained on principal adds $2,904/yr while 5% annual appreciation compounds into $124,327 by year five. Five-year ROI records 122.49% and total cumulative return in cash reaches $182,718. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,292/mo property income versus a $2,203/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
0.47 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-09-30 | Sold | $450,000 |
| 2025-09-30 | Pending sale | $457,900 |
| 2025-08-28 | Contingent | $457,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-19 | $2145.00 | N/A | $359,890 | N/A |
| 2023-10-19 | $2145.00 | 8.61% | $359,890 | 90.59% |
| 2022-10-19 | $1975.00 | -0.55% | $188,830 | N/A |
Listed by: N/A • Coldwell Banker Y-Gull & Associates
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1630617
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
