1 Cross Street UNIT 213, Gorham, ME, 04038 | 7.94% Rental Yield

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1 Cross Street UNIT 213, Gorham, ME, 04038 | 7.94% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

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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 Gorham at 1 Cross Street UNIT 213, Gorham, ME, 04038 offers $2,640/mo rent that, after a $1,953/mo payment. Total monthly income is $2,640/mo. Return on cash invested measures 17.19% in year one, and rental yield stands at 7.94% at a $399,000 entry. Equity gained on principal adds $2,575/yr while 5% annual appreciation compounds into $110,236 by year five. Five-year ROI records 89.82% and total cumulative return in cash reaches $118,802. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,640/mo property income versus a $1,953/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Condo

Built in 2025

2.95 Acres lot

$N/A/sqft

$421 monthly HOA

More details about the property

Welcome to The Downs newest residences-Cross Street Condominiums. Choose from 1, 2 & 3 bedroom units, stylishly finished spaces with the fine touches you would choose in a custom home. Gather with friends & neighbors for a cocktail on the 4th floor roof top deck & lounge, maximize work production & collaborate with others in the 1st floor coworking space. The Club room offers a space to host large gatherings, partake in activities like shuffleboard & pool or relax in the lounge & watch the latest game or performance while looking over the courtyard. Cross Street Condos offers the perfect home for every lifestyle. 'The Harrington' our 1 bedroom, 1 bath second floor home packs a lot of punch for its size! This spacious, carefully crafted condo offers a kitchen with ample storage, plenty of counter space and seating at the island for friends to gather while you prepare a scrumptious meal! Other in-unit amenities are a laundry area, full bath with linen closet, a large bedroom and pantry cabinet. Spread across 577 pristine acres, is the perfect community for you or your family, a lively place to socialize, a vibrant place to grow your business, or all the above ...welcome home. The Downs is more than just a destination, it's a place where you can aspire to live the life you've always dreamed of but never thought you'd find. A place where you can plant your roots and then branch out to laugh it up, pump it up, build it up, to simply...Live it Up at The Downs.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04038, Gorham, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,992 (100%)
Owner Occupied HU	5,706 (81.6%)
Renter Occupied HU	1,026 (14.7%)
Vacant Housing Units	260 ( 3.7%)
Median Home Value	$517,175
Average Home Value	$570,432

Housing Distribution

Address Breakdown

Residential

6,861

Single Family

6,498

Multi-Family

363

Businesses

515

Price History

Date	Event	Price
2025-02-14	Listed for sale	$399,000

Tax History

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

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Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Condo
Year Built: 2025
Architectural Style: Contemporary,Garden,High Rise,Ranch
Building Area: 682
Living Area: 682 sqft
Property Condition: To Be Built

Features & Amenities

Heating: Heat Pump
Cooling: Heat Pump
Flooring: N/A
Interior Features: Elevator, 1st Floor Bedroom, One-Floor Living, Other, Pantry
Exterior Features: N/A
Parking Features: 21+ Spaces, Paved, Common, On Site, Off Street, On Street, Electric Vehicle Charging Station(s)

Location

City: Gorham
State: ME
Subdivision: Cross Street Condominiums
Lot Size: 2.95 Acres
Lot Features: Level, Open Lot, Sidewalks, City Lot, Near Shopping, Near Turnpike/Interstate, Neighborhood, Subdivided
View: N/A

HOA & Fees

HOA Fee: $421 monthly
Association Fee: $421 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: N/A

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: #1614431

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

1 Cross Street UNIT 213,Gorham,ME,04038

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

1 Cross Street UNIT 213GorhamME04038