2 Sunrise Lane, Gorham, ME, 04038 | 6.5% Rental Yield

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2 Sunrise Lane, Gorham, ME, 04038 | 6.5% Rental Yield | Ziffy

For Sale

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 2 Sunrise Lane, Gorham, ME, 04038 earns from $3,600/mo rent with a $3,255/mo payment. Total monthly income totals $3,600/mo. ROI tracks 16.79% on current figures, and rental yield reads 6.5% at a $665,000 purchase. Equity gained on principal adds $4,291/yr, and 5% annual appreciation supports $183,727 over five years. Five-year ROI reaches 86.21% and total cumulative return in cash sums $188,611. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,600/mo property income instead of your personal income.

Single Family

Built in 1988

0.40 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 2 Sunrise Lane, a thoughtfully designed 3-bedroom, 2.5-bath home offering timeless style and everyday comfort in Gorham's coveted Village Woods neighborhood. Set on a peaceful corner lot, this home pairs classic New England craftsmanship with a functional, versatile layout perfect for modern living. Built for the developer, this residence showcases attention to detail and quality construction throughout. The spacious 2,080 sq ft floor plan features a welcoming living room with a wood-burning fireplace, a large and airy kitchen with room to dine and gather, and a flexible layout ideal for entertaining or quiet relaxation. Upstairs, you'll find three generous bedrooms, including a primary suite with private bath and walk-in closet, as well as a second full bath for family or guests. A screened-in and insulated sunroom, lined in warm pine paneling, offers a cozy retreat for morning coffee or evening unwindingextending your living space year-round. The full basement features poured concrete construction, ample storage, and a finished bonus room providing extra space for hobbies, a home gym, or office. A 2-car garage adds convenience, while cedar siding enhances curb appeal. A true gem in one of Gorham's most desirable neighborhoods, 2 Sunrise Lane combines warmth, function, and locationready to welcome you 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