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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% |
Rental property for sale in Gorham at 19 Baxter Lane UNIT 19, Gorham, ME, 04038 priced at $554,900 pairs $2,640/mo rent with after a $2,716/mo payment. Total monthly income equals $2,640/mo. Return on cash invested is 13.57% in year one, and rental yield stands at 5.71% on a $554,900 basis. Equity gained on principal adds $3,581/yr, and 5% annual appreciation accumulates to $153,309 by year five. Five-year ROI measures 69.27% and total cumulative return in cash reaches $126,468. For financing, Ziffy Mortgage’s DSCR program evaluates $2,640/mo property income against a $2,716/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
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 |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: N/A • Assist-2-Sell Home Team Advantage
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1609806
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
