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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 19 Patio Park Lane, Gorham, ME, 04038 uses $64,609 cash to close to unlock $8,615/yr annual cash flow and $718/mo monthly cash flow. Total monthly income runs $2,548/mo, and a $954/mo payment keeps the spread at $718/mo. Purchase price stands at $194,900, and rental yield measures 15.69% with $2,548/mo rent. Return on cash invested shows 33.24% in year one, and 5% annual appreciation builds toward $53,847 over five years. Five-year ROI reaches 178.53% and total cumulative return in cash records $115,347. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,548/mo property income covering a $954/mo payment rather than investor’s personal income.
Manufactured
Built in 1995
N/A lot
$N/A/sqft
$600 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 |
|---|---|---|
| 2024-10-11 | Price change | $194,900 |
| 2024-10-04 | Listed for sale | $199,900 |
| 2024-09-07 | Contingent | $199,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-10-16 | $668.00 | 51.47% | $52,000 | 124.14% |
| 2020-10-16 | $441.00 | 0.23% | $23,200 | N/A |
| 2019-10-16 | $440.00 | 4.27% | $23,200 | N/A |
Listed by: N/A • EXIT Oceanside Realty
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1601984
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. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
