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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 104 Mighty Street, Gorham, ME, 04038 earns $1,370/mo cash flow from $4,330/mo rent with a $2,296/mo payment. Total monthly income totals $4,330/mo, and annual cash flow totals $16,435/yr on $155,474 capital. ROI tracks 30.48% on current figures, and rental yield reads 11.08% at a $469,000 purchase. Equity gained on principal adds $3,026/yr, and 5% annual appreciation supports $129,576 over five years. Five-year ROI reaches 159.7% and total cumulative return in cash sums $248,287. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,330/mo property income instead of your personal income.
Single Family
Built in 1981
10 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 |
|---|---|---|
| 2024-10-15 | Price change | $469,000 |
| 2024-08-19 | Pending sale | $485,000 |
| 2024-08-19 | Listing removed | $485,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-10-16 | $5337.00 | 22.55% | $415,300 | 81.20% |
| 2020-10-16 | $4355.00 | 0.28% | $229,200 | N/A |
| 2019-10-16 | $4343.00 | 4.12% | $229,200 | N/A |
Listed by: N/A • EXP Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1600552
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. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
