191 Falcon Crest Drive #32, Gorham, ME, 04038 | 5.31% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

191 Falcon Crest Drive #32, Gorham, ME, 04038 | 5.31% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
1425 sft

96 Shadagee Road #102, Saco, ME, 04072

2 Bed
2 Bath
2371 sft

24 Chancery Lane, Sanford, ME, 04073

3 Bed
1 Bath
920 sft

186 Granny Kent Pond Road, Shapleigh, ME, 04076

5 Bed
3 Bath
3696 sft

64 Island Road, Limerick, ME, 04048

Nearby investment properties with comparable prices

5 Bed
2 Bath
2016 sft

23 Wild Acres Drive, Hollis Center, ME, 04042

3 Bed
2 Bath
1389 sft

58 New County Road, Saco, ME, 04072

3 Bed
3 Bath
2100 sft

545 Foss Road, Limerick, ME, 04048

4 Bed
4 Bath
2348 sft

51 Burnham Road, Saco, ME, 04072

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Gorham at 191 Falcon Crest Drive #32, Gorham, ME, 04038 earns from $2,640/mo rent with a $2,919/mo payment. Total monthly income totals $2,640/mo. ROI tracks 13.19% on current figures, and rental yield reads 5.31% at a $596,400 purchase. Equity gained on principal adds $3,848/yr, and 5% annual appreciation supports $164,774 over five years. Five-year ROI reaches 66.94% and total cumulative return in cash sums $131,337. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,640/mo property income instead of your personal income.

Condo

Built in 2025

16.20 Acres lot

$N/A/sqft

No HOA

More details about the property

This Summit floor plan balances ease of living with a charming cottage design. This cottage features a spacious primary suite on the first floor with its own private bathroom and walk-in closet. Open living room and kitchen design make this home perfect for entertaining all year long. The second floor has 2 additional spacious bedrooms and a full bath. This unit has a three season sunroom perfect for reading a book or entertaining friends and family! The Cottages at Winding Ridge are thoughtfully designed homes with a close-knit 55+ community where neighbors wave to each other and gather to enjoy one another's company. 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. Reserve yours today! This unit features a faux dormer.

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