266 North Gorham RoadGorhamME04038
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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 266 North Gorham Road, Gorham, ME, 04038 with 5% annual appreciation on a $439,000 basis while $3,836/mo rent supports operations. Total monthly income totals $3,836/mo and a $2,149/mo payment preserves $1,065/mo for cash returns. Annual cash flow comes to $12,781/yr on $145,529 deployed, and return on cash invested reaches 28.69% in year one. Equity gained on principal adds $2,833/yr, and five-year appreciation sums $121,288 alongside rental yield of 10.49%. Five-year ROI measures 150.12% and total cumulative return in cash totals $218,468.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,836/mo property income versus a $2,149/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1978
0.75 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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