








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 Gorham at 1 Cross Street UNIT 437, Gorham, ME, 04038 priced at $450,000 converts $2,640/mo rent into after a $2,203/mo obligation. Total monthly income equals $2,640/mo. Return on cash invested prints 14.67% in year one, and rental yield reads 7.04% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 76.22% and total cumulative return in cash sums $113,694. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,640/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Condo
Built in 2025
2.95 Acres lot
$N/A/sqft
$451 monthly HOA
Neighborhood data shown for ZIP Code: 04038, Gorham, ME area.
| 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 |
Residential
6,861
Single Family
6,498
Multi-Family
363
Businesses
515
Date | Event | Price |
|---|---|---|
| 2025-02-14 | Listed for sale | $450,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: N/A • Signature Homes Real Estate Group, LLC
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1614425
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