127 Falcon Crest Drive #4, Gorham, ME, 04038 | 4.37% Rental Yield

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Monthly Cash Flow: 1 - 3k+

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127 Falcon Crest Drive #4, Gorham, ME, 04038 | 4.37% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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 127 Falcon Crest Drive #4, Gorham, ME, 04038 generates $2,640/mo in rent, after a $3,549/mo payment. Total monthly income is $2,640/mo. Return on cash invested sits at 10.32% in year one, and rental yield is 4.37% on a $725,000 entry. Equity gained on principal adds $4,678/yr, while 5% annual appreciation builds toward $200,304 over five years. Five-year ROI reaches 51.54% and total cumulative return in cash sums $122,933. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,640/mo property income rather than buyer’s personal income.

Condo

Built in 2024

16.20 Acres lot

$N/A/sqft

No HOA

More details about the property

The Highland Cottage is perfectly designed and ready for you to call it home today! Enjoy cooking in your spacious Chef's kitchen with 66'' extended island, recessed lighting, quartz countertops, and gas appliances. Perfectly positioned in the rear of the home you find your spacious primary suite on the first floor with its own private bathroom with subway tiled shower, double sink vanity, linen closet and walk-in closet. Curl up on the couch with a great book and warmth of your gorgeous fireplace. Upstairs are two additional bedrooms, a bonus room perfect for an office or a den, and full bath. A huge finished walkout basement perfect for watching the big game adds the finishing touch! Cool down on those hot summer nights in your cottage with Central AC! Talk to neighbors walking by from your porch or take a long walk on one of Gorham's many trails just outside! Visit amazing restaurants, breweries and more! This 55+ community is waiting for you to call it home. This home is completed!

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