430 Post Rd #169 · Wells, ME 04090

$49,500

1 bd · 1.0 ba · 381 sqft · Manufactured public records · 62 Days on market

Built 2004 $130/sqft · 55% above area Est $56k · 11% under $792/mo HOA · 42% of rent ↓ 34% since listing

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Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +12.6/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +7.6/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Seasonal Coastal Getaway on a Budget, cheaper than most automobiles, but with benefits including seasonal pool access, minutes to Wells & Ogunquit area beaches. Turnkey 2004 unit immaculate condition, priced to move in time for Memorial day. Park is accessible May 1 through Oct 30 and once a month through the winter.

Key facts

• Parking
• Built 2004
• Listed 62 days

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath manufactured listed at $50k.

Deal economics

• At list price, monthly cash flow is $376 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $50k).
• Recommended offer: $47k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Wells-Ogunquit CSD (rural): math 87% / reading 90% proficiency, ranked #32 of 112 in ME (top 29%) — strong family-tenant draw, lease renewals of 3-5y typical; only 17% free/reduced lunch — higher-income household profile.
• Zoned schools: Wells Elementary School (math 87% / reading 91%, grade A+, #73 of 294 statewide, top 25%, 551 students, 15% FRL); Wells Junior High School (math 86% / reading 90%, grade A+, #27 of 85 statewide, top 31%, 441 students, 19% FRL); Wells High School (math 98% / reading 92%, grade A+, #18 of 108 statewide, top 22%, 415 students, 10% FRL) — zoned schools at 15% FRL track the district average.
• Market conditions: 267 active listings in the ZIP; 1,386 units permitted in York County in 2024 (338 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $342 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $14k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 62 days — a 6% lower offer ($47k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: HOA is 42% of rent.

Recommended offer $46,530 (6.0% below list)

Questions for the listing agent

1. It's been on market 62 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 3.80% ✓
• Cap rate: 15.42%
• Cash-on-cash: 32.59%
• DSCR: 2.45
• GRM: 2.2

CMA / ARV

• ARV (median comp): $55,846
• List price: $49,500
• Delta: -11.36%
• Verdict: UNDERPRICED
• Comps: 12 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 28.3%
• Equity multiple: 2.19×
• Total profit: $16,457
• Equity at exit: $7,381

10-year hold

• IRR: 36.1%
• Equity multiple: 4.41×
• Total profit: $47,238
• Equity at exit: $4,280

Cash invested: $13,860 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 41 Moderately Tenant-Leaning
• State Maine: 41 Moderately Tenant-Leaning · D+2
• County: — inherits STATE
• City: — inherits STATE

Portland has rent control referendum (2020); strong habitability; security deposit caps.

Methodology + full state rankings →

ZIP-level market 04090

• Home prices YoY: -20.0%
• Active inventory: 267
• Price-to-rent: 2.2×

Monthly cashflow live

• Estimated rent: $1,882 medium
• Mortgage (P&I): −$260
• Tax from tax record: −$38 /mo · $457/yr
• Insurance: −$21
• HOA: −$792
• Vacancy / Maint / Mgmt: −$395
• Net cashflow: $376

Break-even live

Break-even rent $1,405

Max offer price $49,500

Occupancy floor 75%

Sensitivity live

Price	-10% $404	-5% $390	+0% $376	+5% $362	+10% $348
Rent	-10% $228	-5% $302	+0% $376	+5% $451	+10% $525
Rate	-1.0pp $401	-0.5pp $389	base $376	+0.5pp $364	+1.0pp $351

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $12,375
• Closing costs: $1,485
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $792 · $9,504/yr
• Likely covers: pool

Listing history 22 events

1. 2026-06-18
   days on market $49,500 Active 62 DOM
2. 2026-06-17
   days on market $49,500 Active 61 DOM
3. 2026-06-16
   days on market $49,500 Active 60 DOM
4. 2026-06-15
   days on market $49,500 Active 59 DOM
5. 2026-06-14
   days on market $49,500 Active 57 DOM
6. 2026-06-13
   days on market $49,500 Active 56 DOM
7. 2026-06-10
   days on market $49,500 Active 54 DOM
8. 2026-06-09
   days on market $49,500 Active 53 DOM
9. 2026-06-08
   days on market $49,500 Active 52 DOM
10. 2026-06-07
    days on market $49,500 Active 51 DOM
11. 2026-06-05
    days on market $49,500 Active 48 DOM
12. 2026-06-03
    days on market $49,500 Active 47 DOM
13. 2026-06-02
    days on market $49,500 Active 46 DOM
14. 2026-06-01
    days on market $49,500 Active 45 DOM
15. 2026-05-31
    days on market $49,500 Active 44 DOM
16. 2026-05-30
    days on market $49,500 Active 43 DOM
17. 2026-04-17
    listed $52,900 Active 324-char remark

    Show marketing remark (324 chars)

    Seasonal Coastal Getaway on a Budget, cheaper than most automobiles, but with benefits including seasonal pool access, minutes to Wells & Ogunquit area beaches. Turnkey 2004 unit immaculate condition, priced to move in time for Memorial day. Park is accessible May 1 through Oct 30 and once a month through the winter.

18. 2026-04-15
    price $52,900 324-char remark

    Show marketing remark (324 chars)

    Seasonal Coastal Getaway on a Budget, cheaper than most automobiles, but with benefits including seasonal pool access, minutes to Wells & Ogunquit area beaches. Turnkey 2004 unit immaculate condition, priced to move in time for Memorial day. Park is accessible May 1 through Oct 30 and once a month through the winter.

19. 2025-08-28
    price $54,900
20. 2025-06-24
    price $65,000
21. 2025-02-15
    price $70,000
22. 2024-06-30
    price $79,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast ME · Partial reset (capped growth)

• Current annual tax: $457 · $38/mo
• Projected year-2 tax: $565 · $47/mo
• Expected delta: +$108/yr (+$9/mo · 23.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $22,584
• − Mortgage interest: −$2,773
• − Property taxes: −$457
• − Insurance: −$248
• − Repairs & maintenance: −$1,807
• − Management: −$1,807
• − HOA: −$9,504
• − Depreciation: −$1,440
• Taxable income: $4,549
• Est. tax owed @ 24.0%: −$1,092
• After-tax cash flow: $3,426/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Wells-Ogunquit CSD
• NCES district ID: 2313490
• Math proficiency: 87% ▲ 42.00%
• Reading proficiency: 90% ▲ 26.00%
• Median HH income: $61,341
• Composite: 75.79/100
• National rank: #125
• State rank: #32 of 112 in ME

Livability — Wells

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Population (ZIP): 11,544

Population outlook (York County) Hauer SSP2

• Today (2025): 209,961 people
• By 2030: 212,816 · +1.4%
• By 2040: 214,360 · +2.1%
• By 2050: 210,350 · +0.2%
• By 2075: 201,686 · -3.9%
• By 2100: 183,392 · -12.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Two or more races 5% Black 3% Asian 1%
• Common ancestry: Lithuanian 11% Romanian 3% Slovak 3%
• Foreign-born: 5% · Canada, China
• Languages at home: 94% English-only · Other Indo-European 1% French/Haitian/Cajun 1% Other Asian/Pacific 1%

Political lean MEDSL · York

• 2024 margin: D (+10.5) · D 54.3% · R 43.8% · Other 1.9%
• 2008→2024 swing: -10.1pp toward R · 2008: 20.5pp · 2024: 10.5pp
• All cycles: 2024: D+10.5 2020: D+12.6 2016: D+4.8 2012: D+16.4 2008: D+20.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -103.52%
• Current HPI: 413.9951
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

-33.8% since first listed

6 events — show timeline

• 2026-04-17 Listed $52,900 MREIS
• 2026-04-15 Price Changed $52,900 MREIS
• 2025-08-28 Price Changed $54,900 MREIS
• 2025-06-24 Price Changed $65,000 MREIS
• 2025-02-15 Price Changed $70,000 MREIS
• 2024-06-30 Price Changed $79,900 MREIS

Property tax history

+5.1%/yr

Latest (2025): $457 · +11.2% YoY. Source: county tax records.