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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Gorham at 17 Romeys Way, Gorham, ME, 04038 listed at $574,500 pairs $3,233/mo rent with a $2,812/mo payment. Total monthly income runs $3,233/mo. Return on cash invested measures 17.57% in year one, and rental yield registers 6.75% at a $574,500 basis. Equity gained on principal adds $3,707/yr, and annual property appreciation at 5% supports $158,724 by year five. Five-year ROI tracks 90.42% and total cumulative return in cash totals $170,902. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,233/mo property income relative to a $2,812/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1989
2.09 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 04038, Gorham, ME area.
| 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 |
Residential
6,861
Single Family
6,498
Multi-Family
363
Businesses
515
Date | Event | Price |
|---|---|---|
| 2025-02-27 | Listed for sale | $574,500 |
| 2024-04-19 | Sold | $364,850 |
| 2014-05-30 | Listed for sale | $229,872 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-18 | $5136.00 | N/A | $373,500 | N/A |
| 2023-03-18 | $5136.00 | 7.02% | $373,500 | N/A |
| 2022-03-18 | $4799.00 | 21.77% | $373,500 | 80.09% |
Listed by: N/A • Patry Family Realty, Inc.
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1615072
Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
