165 Falcon Crest Drive UNIT 22GorhamME04038
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 165 Falcon Crest Drive UNIT 22, Gorham, ME, 04038 in Gorham fits: $564,900, 5.61% gross yield, and a projected 5% annual appreciation rate adding $156,071 in value within five years. Rental yield 5.61%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (1.04) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $5,203/yr in principal paydown and $156,071 in appreciation project a total return of $136,970.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.6% | 5.8% |
| Monthly Cash Flow | $(1,225) | $1,250 |
City averages based on Gorham market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,640 |
| Total Monthly Debt Service | $3,640 |
| DSCR Ratio | 0.73x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2024
16.20 Acres lot
$N/A/sqft
$300 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
6,861
Single Family
6,498
Multi-Family
363
Businesses
515
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2024
16.20 Acres lot
$N/A/sqft
$300 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
6,861
Single Family
6,498
Multi-Family
363
Businesses
515
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices