23 Hemlock Dr, Gorham, ME, 04038 | $1,126/mo Cash Flow

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23 Hemlock Dr, Gorham, ME, 04038 | $1,126/mo Cash Flow | Ziffy

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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 23 Hemlock Dr, Gorham, ME, 04038 with 5% annual appreciation on a $175,000 basis while $2,839/mo rent supports operations. Total monthly income totals $2,839/mo and a $857/mo payment preserves $1,126/mo for cash returns. Annual cash flow comes to $13,513/yr on $58,013 deployed, and return on cash invested reaches 43.2% in year one. Equity gained on principal adds $1,129/yr, and five-year appreciation sums $48,349 alongside rental yield of 19.47%. Five-year ROI measures 232.55% and total cumulative return in cash totals $134,911.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,839/mo property income versus a $857/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Manufactured

Built in 2022

N/A lot

$N/A/sqft

$608 monthly HOA

More details about the property

GORHAM. Stunning, 2022 model---Year round home. 2 bedroom, 2 bath. Stunning kitchen. move in ready. Nice outside deck. Community center with pool. Minutes to downtown Gorham, schools and amenities. Park fee is $608 month. Bank financing for qualified buyers with 10% down. Pet ok with park approval. Homeowners only .. NO renting. Call or text Bob Magazu for your showing today.

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