30 Faith Drive, Gorham, ME, 04038 | 6.07% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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30 Faith Drive, Gorham, ME, 04038 | 6.07% Rental Yield | 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 30 Faith Drive, Gorham, ME, 04038 offers $3,787/mo rent that, after a $3,666/mo payment. Total monthly income is $3,787/mo. Return on cash invested measures 15.48% in year one, and rental yield stands at 6.07% at a $749,000 entry. Equity gained on principal adds $4,833/yr while 5% annual appreciation compounds into $206,935 by year five. Five-year ROI records 79.23% and total cumulative return in cash reaches $195,244. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,787/mo property income versus a $3,666/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2004

3.35 Acres lot

$N/A/sqft

No HOA

More details about the property

This move-in-ready home is primed for new owners to make their own memories. A beautifully updated and functional 4-bedroom home offering comfort, flexibility, and privacy in one of Maine's most sought-after towns. Thoughtfully designed with an open layout, this home provides plenty of room for everyone to spread out while maintaining a warm and connected feel throughout. The first floor features an additional great room perfect for entertaining, a flexible office space/den, and a convenient half bath off the mudroom for everyday ease. The open layout of the kitchen, living room, and dining area is perfect for entertaining. Upstairs, you'll find three spacious bedrooms, including a primary suite with a walk-in closet featuring modern built-ins and a full ensuite bath for your private retreat. The finished basement expands your living options even further featuring a room that could serve as a fourth bedroom, along with space ideal for additional guest quarters, or additional living area. Modern updates flow throughout, blending functionality with fresh, stylish finishes. Outside, the expansive fenced-in yard provides privacy and plenty of space for kids or furry friends to play. Tucked away in a quiet neighborhood yet just minutes from downtown Gorham, top-rated schools, and local amenities, this home offers the best of both worlds peaceful living with everyday convenience. A perfect combination of space, style, and flexibility come experience all that 30 Faith Drive provides!

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