210 Brackett Road, Gorham, ME, 04038 | $114/mo Cash Flow

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210 Brackett Road, Gorham, ME, 04038 | $114/mo Cash Flow | 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

Rental property for sale in Gorham at 210 Brackett Road, Gorham, ME, 04038 generates $2,796/mo in rent and, after a $2,080/mo payment, leaves $114/mo in cash flow. Total monthly income is $2,796/mo, and annual cash flow is $1,367/yr on $140,888 invested. Return on cash invested sits at 20.88% in year one, and rental yield is 7.89% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 108.19% and total cumulative return in cash sums $152,429. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,796/mo property income rather than buyer’s personal income.

Single Family

Built in 1966

0.58 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully updated 2-bedroom, 1-bath home, ideally located on a peaceful, tree-lined lot close to everything. In 2020, the home was completely gutted to the studs and rebuilt from the ground up. Renovations included all-new wiring, plumbing, heating, wall insulation, windows, doors, roof, siding, and a fully finished interior. Since then, the current owner has continued to improve the property with thoughtful upgrades such as new gutters, a newly paved driveway, energy-efficient heat pumps, yard expansion, fresh landscaping, and more. Though it's just minutes from shops, restaurants, and local amenities, you wouldn't know it once you're homethanks to the privacy provided by the tree-lined lot, expanded backyard, and deck. It's truly an oasis away from the noise, offering peace and quiet in a surprisingly central location. For nature lovers and outdoor enthusiasts, the area offers easy access to nearby walking and biking trails, beautiful lakes, and the oceanmaking it a perfect base for exploring all that the region has to provide. Inside, you'll find a bright and open living space with 9-foot ceilings in the kitchen, dining, and living areas. The kitchen features granite countertops, a center island, and stainless steel appliancesperfect for everyday living or entertaining. Craftsman-style finishes throughout add warmth and character to the home. Additional features include a spacious backyard, plenty of storage space in the basement, and wiring for a portable generator. The property has been surveyed and offers room to expand, providing great potential for future additions or customization. All the major projects have been taken care ofthis home is truly move-in ready. Whether you're purchasing your first home or looking to downsize in comfort, this turnkey home includes the perfect blend of modern upgrades, timeless charm, privacy, and outdoor lifestyle.

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