151 Main St, Gorham, ME, 04038 | $564/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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151 Main St, Gorham, ME, 04038 | $564/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

Rental property for sale in Gorham at 151 Main St, Gorham, ME, 04038 offers $3,562/mo rent that, after a $2,325/mo payment, leaves $564/mo cash flow. Total monthly income is $3,562/mo, and annual cash flow is $6,769/yr on $157,463 cash. Return on cash invested measures 24.21% in year one, and rental yield stands at 9% at a $475,000 entry. Equity gained on principal adds $3,065/yr while 5% annual appreciation compounds into $131,234 by year five. Five-year ROI records 126.08% and total cumulative return in cash reaches $198,523. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,562/mo property income versus a $2,325/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1908

9,583 sqft lot

$N/A/sqft

No HOA

More details about the property

FOR SALE BY OWNER. 151 Main Street residence in Gorham village. 3 bedroom 1908 Colonial Revival 2 1/2 story home with 8 total rooms, 1 1/2 baths and 1970 SF of living space on a .22 acre lot. Conveniently located within walking distance to downtown. Oak and maple original hardwood floors on first floor. Original unpainted trim and moldings. Built in hearth/ fireplace and china cabinet. Large unfinished attic. One bay attached barn/ garage with ample storage above. Zoned office/ residential. No commercial use permitted. No seller brokers. Disclosure available upon request and showing by appointment.

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