21 Alexander DriveGorhamME04038
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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 21 Alexander Drive, Gorham, ME, 04038 uses $268,135 cash to close to unlock $4,853/yr annual cash flow and $404/mo monthly cash flow. Total monthly income runs $5,548/mo, and a $3,989/mo payment keeps the spread at $404/mo. Purchase price stands at $815,000, and rental yield measures 8.17% with $5,548/mo rent. Return on cash invested shows 21.87% in year one, and 5% annual appreciation builds toward $225,169 over five years. Five-year ROI reaches 113.49% and total cumulative return in cash records $304,297. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,548/mo property income covering a $3,989/mo payment rather than investor’s personal income.
Single Family
Built in 1998
3.75 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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