10 Saddle Lane, Gorham, ME, 04038 | $670/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

10 Saddle Lane, Gorham, ME, 04038 | $670/mo Cash Flow | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
4 Bath
2858 sft

16 Oak Street, Kennebunkport, ME, 04046

4 Bed
4 Bath
2896 sft

18 Forest Hill Lane, Kennebunk, ME, 04043

3 Bed
2 Bath
3167 sft

15 Christensen Ln #A1, Kennebunk, ME, 04043

4 Bed
4 Bath
3057 sft

10 Church Street, Kennebunkport, ME, 04046

Nearby investment properties with comparable prices

Rental Income+ 1 more

5 Bed
5 Bath
3551 sft

67 Carpenter Hill Road, Alfred, ME, 04002

4 Bed
3 Bath
3468 sft

24 Channel Cove Drive, Kennebunk, ME, 04043

3 Bed
3 Bath
2698 sft

3 Bradfield Way, Kennebunk, ME, 04043

3 Bed
2 Bath
1725 sft

285 Goose Rocks Road, Kennebunkport, ME, 04046

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Gorham at 10 Saddle Lane, Gorham, ME, 04038 uses $259,581 cash to close to unlock $8,043/yr annual cash flow and $670/mo monthly cash flow. Total monthly income runs $5,650/mo, and a $3,862/mo payment keeps the spread at $670/mo. Purchase price stands at $789,000, and rental yield measures 8.59% with $5,650/mo rent. Return on cash invested shows 23.16% in year one, and 5% annual appreciation builds toward $217,986 over five years. Five-year ROI reaches 120.41% and total cumulative return in cash records $312,550. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,650/mo property income covering a $3,862/mo payment rather than investor’s personal income.

Single Family

Built in 1994

2.86 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this inviting three-bedroom, two-and-a-half-bath home set on an exceptionally private 2.86-acre lot in one of the area's most desirable neighborhoods. The expansive, open yard is bordered by mature trees on all sides, offering the perfect blend of neighborhood living and seclusion. Ideal for gatherings, the rear yard features an inground pool and a beautiful stone patio, creating a true outdoor oasis. Inside, the spacious eat-in kitchen flows seamlessly into a cozy family room warmed by a gas stove, while a sunroom at the back of the house opens directly to the patio for effortless indoor/outdoor entertaining. The first floor also includes a formal dining room, formal living room, office, and convenient half bath. Upstairs, the primary suite provides a retreat of its own with a full bath, two walk-in closets, and a private office. Two additional bedrooms, a full bath, and second-floor laundry complete the upper level. Offering the rare combination of privacy and community, this home is just 25 minutes from Portland's Old Port, 15 minutes from Portland Jetport, and 10 minutes from Gorham Village. A perfect choice for those who want the best of both worlds. Open House Sunday 10/12 11:30 AM - 1:00 PM.

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