16 Thistle Drive #C, Gorham, ME, 04038 | 7.37% Rental Yield

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Price: $300K - 500K

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16 Thistle Drive #C, Gorham, ME, 04038 | 7.37% 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 16 Thistle Drive #C, Gorham, ME, 04038 priced at $429,900 converts $2,640/mo rent into after a $2,104/mo obligation. Total monthly income equals $2,640/mo. Return on cash invested prints 19.29% in year one, and rental yield reads 7.37% against a $429,900 entry. Equity gained on principal adds $2,774/yr, while 5% annual appreciation compiles into $118,773 by year five. Five-year ROI reaches 99.69% and total cumulative return in cash sums $142,063. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,640/mo property income covering a $2,104/mo payment, not borrower’s personal income.

Condo

Built in 2026

1 Acres lot

$N/A/sqft

No HOA

More details about the property

This Petite House, is a rare opportunity to own an exceptionally efficient and beautifully designed home in one of southern Maine's most convenient locations. This 550-square-foot gem proves that great living doesn't depend on sizeit depends on smart design, comfort, and location. Step inside and be surprised by how spacious it feels. The highlight of the home is the three-season room, flooding the space with natural light and offering the perfect spot for morning coffee, evening relaxation, or entertaining in style. The home features a comfortable one-bedroom layout, a bright living room and kitchen area, and a charming loft space ideal for guests, storage, or a cozy reading nook. The one-car garage is an exceptional bonus, providing storage and convenience rarely found at this size and price point. Set in a peaceful, rural-feeling area yet moments from everything, This Petite House delivers incredible access: Just minutes to the Maine Mall Immediate access to I-295 Only 15 minutes to in-town Portland Close to shopping, dining, and major commuter routes This property offers outstanding value as a primary residence, vacation home, or high-demand rental. Low maintenance, smart layout, heat pumps and unbeatable Gorham locationThe Petite House is small living with big appeal

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