14 Evergreen Dr, Gorham, ME, 04038 | $101/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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14 Evergreen Dr, Gorham, ME, 04038 | $101/mo Cash Flow | 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

Investment property for sale in Gorham at 14 Evergreen Dr, Gorham, ME, 04038 listed at $240,000 pairs $1,616/mo rent with a $1,175/mo payment to leave $101/mo cash flow. Total monthly income runs $1,616/mo, and annual cash flow reaches $1,212/yr on $79,560 cash to close. Return on cash invested measures 21.43% in year one, and rental yield registers 8.08% at a $240,000 basis. Equity gained on principal adds $1,549/yr, and annual property appreciation at 5% supports $66,308 by year five. Five-year ROI tracks 111.16% and total cumulative return in cash totals $88,442. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,616/mo property income relative to a $1,175/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Manufactured

Built in 1998

N/A lot

$N/A/sqft

No HOA

More details about the property

This is an absolute Must See 3bd 2ba home set on an oversized corner lot near the entrance of Friendly Village park in Gorham. Meticulously maintained w/many updates including: Updated laminate flooring and baseboard, freshly painted through out, New interior doors, completely updated master bath including a Bluetooth bathroom fan! The kitchen is loaded w/cabinets, has a large pantry, new counter tops and an large island has been added, appliances all replaced w/in 5yrs, The roof has been re-shingled w/architectural shingles (5 yrs), Skylights have also been replaced, The water heater is a 40 gallon and new w/in 5yrs. The outside deck is was redone 2yrs ago, the underbelly is in excellent condition, 2 sheds both w/electricity and a space between for even more storage and a generator hook up! The lot is beautifully landscaped, has irrigation on the front side, parking for 3 vehicles and the bus stop is right out the door! There is nothing to do but move in!! Call today!

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