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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% |
Investment property for sale in Gorham at 10 Herrick Road, Gorham, ME, 04038 listed at $820,000 pairs $5,106/mo rent with a $4,013/mo payment. Total monthly income runs $5,106/mo. Return on cash invested measures 19.75% in year one, and rental yield registers 7.47% at a $820,000 basis. Equity gained on principal adds $5,291/yr, and annual property appreciation at 5% supports $226,551 by year five. Five-year ROI tracks 102.15% and total cumulative return in cash totals $275,579. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,106/mo property income relative to a $4,013/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1996
5.15 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-09-26 | Listing removed | $4,300 |
| 2025-09-17 | Price change | $4,300 |
| 2025-09-03 | Listed for rent | $4,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-21 | $8400.00 | N/A | $610,900 | N/A |
| 2023-10-21 | $8400.00 | 7.01% | $610,900 | N/A |
| 2022-10-21 | $7850.00 | 17.41% | $610,900 | 73.60% |
Listed by: N/A • Willis Real Estate
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1630849
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
