Lot 21 Independence Way UNIT 21, Wells, ME, 04090 | 7.94% Rental Yield

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Monthly Cash Flow: 1 - 3k+

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Lot 21 Independence Way UNIT 21, Wells, ME, 04090 | 7.94% 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 Lot 21 Independence Way UNIT 21, Wells, ME, 04090 generates $3,240/mo in rent, after a $2,398/mo payment. Total monthly income is $3,240/mo. Return on cash invested sits at 19.41% in year one, and rental yield is 7.94% on a $489,900 entry. Equity gained on principal adds $3,161/yr, while 5% annual appreciation builds toward $135,350 over five years. Five-year ROI reaches 100.91% and total cumulative return in cash sums $163,877. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,240/mo property income rather than buyer’s personal income.

Condo

Built in 2024

97 Acres lot

$N/A/sqft

$215 monthly 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. Your bright primary suite features 2 closets and private bathroom. Upstairs, you will find two additional bedrooms, a full bathroom and plenty of storage space.

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
2024-08-16	Listed for sale	$489,900

Tax History

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

Nearby investment properties with comparable rents

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2 Bath
1030 sft

99 Foundry Place UNIT 204, Portsmouth, NH, 03801

2 Bed
3 Bath
1292 sft

99 Foundry Place #310, Portsmouth, NH, 03801

2 Bed
2 Bath
1253 sft

18 Congress Street #308, Portsmouth, NH, 03801

3 Bed
1 Bath
1104 sft

499 Tolend Road, Dover, NH, 03820

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3 Bed
2 Bath
1488 sft

71 Hill Street, Dover, NH, 03820

3 Bed
2 Bath
1550 sft

8 Susan Lane, Rochester, NH, 03867

4 Bed
3 Bath
1980 sft

405 Lebanon Road, North Berwick, ME, 03906

3 Bed
2 Bath
1478 sft

320 Old Dover Road, Rochester, NH, 03867

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Condo
Year Built: 2024
Architectural Style: Cottage
Building Area: 1,427
Living Area: 1,427 sqft
Property Condition: To Be Built

Features & Amenities

Heating: Multi-Zones, Heat Pump, Baseboard
Cooling: Heat Pump
Flooring: N/A
Interior Features: Walk-In Closet(s), 1st Floor Primary Bedroom w/Bath, Bathtub, Shower, Primary Bedroom w/Bath
Exterior Features: N/A
Parking Features: 1 - 4 Spaces, Paved, Garage Door Opener, Inside Entrance

Location

City: Wells
State: ME
Subdivision: Highpines Village Condominium Association
Lot Size: 97 Acres
Lot Features: Level, Wooded, Near Town, Neighborhood
View: N/A

HOA & Fees

HOA Fee: $215 monthly
Association Fee: $215 monthly
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

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

School Information

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

Listed by: N/A • Signature Homes Real Estate Group, LLC

Mls Name: Maine Listings

Mls Provider: Mls

Mls ID: #1600639

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

Lot 21 Independence Way UNIT 21,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

Lot 21 Independence Way UNIT 21WellsME04090