186 Falcon Crest Drive #57, Gorham, ME, 04038 | 5.46% Rental Yield

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186 Falcon Crest Drive #57, Gorham, ME, 04038 | 5.46% Rental Yield | Ziffy

Pending

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 186 Falcon Crest Drive #57, Gorham, ME, 04038 offers a 5.46% rental yield on a $580,400 purchase with $2,640/mo rent. 63% in year one. Equity gained on principal adds $3,745/yr while 5% annual appreciation supports $160,354 over five years. Portfolio math shows five-year ROI at 69.29% and total cumulative return in cash at $132,314. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,640/mo property income against a $2,841/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2025

16.20 Acres lot

$N/A/sqft

No HOA

More details about the property

The Crescent floor plan balances ease of living with a charming cottage design. From casual living areas to a convenient door to the backyard, this cottage is designed with comfort in mind. As you walk through the open-concept kitchen, dining, and living area, you'll notice plenty of counter and cabinet space, a half bath, and entrance to the 2 car garage. The primary suite, perfectly positioned in the rear of the cottage, features the laundry area, a generous sized walk in closet, and an en suite bath. This unit includes two additional bedrooms upstairs with a full bath. Filled with charm and character, this warm and inviting neighborhood has cottages nestled together to allow residents to easily interact while preserving personal space and privacy. This 55+ community is waiting for you to call it home.

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