20 Kristas WayGorhamME04038
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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
Investment Highlights
Investment property for sale in Gorham at 20 Kristas Way, Gorham, ME, 04038 uses $162,104 cash to close to unlock $3,555/yr annual cash flow and $296/mo monthly cash flow. Total monthly income runs $3,382/mo, and a $2,393/mo payment keeps the spread at $296/mo. Purchase price stands at $489,000, and rental yield measures 8.3% with $3,382/mo rent. Return on cash invested shows 22.1% in year one, and 5% annual appreciation builds toward $135,102 over five years. Five-year ROI reaches 114.78% and total cumulative return in cash records $186,058. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,382/mo property income covering a $2,393/mo payment rather than investor’s personal income.
Single Family
Built in 2000
2.75 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
6,861
Single Family
6,498
Multi-Family
363
Businesses
515
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