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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Gorham at 28 Maplewood Drive, Gorham, ME, 04038 generates $3,600/mo in rent and, after a $2,398/mo payment, leaves $508/mo in cash flow. Total monthly income is $3,600/mo, and annual cash flow is $6,094/yr on $162,435 invested. Return on cash invested sits at 23.66% in year one, and rental yield is 8.82% on a $490,000 entry. Equity gained on principal adds $3,162/yr, while 5% annual appreciation builds toward $135,378 over five years. Five-year ROI reaches 123.11% and total cumulative return in cash sums $199,968. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,600/mo property income rather than buyer’s personal income.
Single Family
Built in 1971
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 04038, Gorham, ME area.
| 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 |
Residential
6,861
Single Family
6,498
Multi-Family
363
Businesses
515
Date | Event | Price |
|---|---|---|
| 2024-11-04 | Listed for sale | $490,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-11-11 | $4214.00 | 15.11% | $327,900 | 70.16% |
| 2020-11-11 | $3661.00 | 0.25% | $192,700 | N/A |
| 2019-11-11 | $3652.00 | 4.13% | $192,700 | N/A |
Listed by: N/A • Maine Real Estate Experts
Mls Name: Maine Listings
Mls Provider:
Mls ID: #1608595
Disclaimer: Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity. Zillow Inc. 415 Congress St #202 Portland, ME 04101 (207) 220-3782
