Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Gorham at 19 Baxter Lane, Gorham, ME, 04038 priced at $554,900 converts $3,817/mo rent into $190/mo cash flow after a $2,716/mo obligation. Total monthly income equals $3,817/mo, and annual cash flow totals $2,279/yr on $182,562 invested. Return on cash invested prints 21.31% in year one, and rental yield reads 8.25% against a $554,900 entry. Equity gained on principal adds $3,581/yr, while 5% annual appreciation compiles into $153,309 by year five. Five-year ROI reaches 110.77% and total cumulative return in cash sums $202,224. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,817/mo property income covering a $2,716/mo payment, not borrower’s personal income.
Single Family
Built in 2024
4 Acres lot
$N/A/sqft
$125 monthly 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 |
|---|---|---|
| 2025-02-07 | Price change | $554,900 |
| 2024-11-19 | Listed for sale | $559,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-18 | $462.00 | N/A | $33,600 | N/A |
| 2023-02-18 | $462.00 | -35.83% | $33,600 | -40.00% |
| 2022-02-18 | $720.00 | -63.13% | $56,000 | -45.53% |
Listed by: N/A • Assist-2-Sell Home Team Advantage
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1609813
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
