423 Gorham RoadScarboroughME04074
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 423 Gorham Road, Scarborough, ME, 04074 in Scarborough speaks for itself: 11.91% gross on a $325,000 price, generating $3,227/mo in rent and $1,176/mo in net income after the $1,461/mo debt service. DSCR 2.21, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $14,108 stacks alongside $89,792 in projected five-year appreciation and $2,993/yr in principal reduction. Projected total cumulative return: $199,122.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.9% | 5.8% |
| Monthly Cash Flow | $1,176 | $1,250 |
City averages based on Scarborough market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,227 |
| Total Monthly Debt Service | $1,922 |
| DSCR Ratio | 1.68x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1944
1.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04074, Scarborough, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,980 (100%) |
| Owner Occupied HU | 7,257 (66.1%) |
| Renter Occupied HU | 2,431 (22.1%) |
| Vacant Housing Units | 1,292 (11.8%) |
| Median Home Value | $610,244 |
| Average Home Value | $700,977 |
Housing Distribution
Address Breakdown
Residential
10,395
Single Family
9,453
Multi-Family
942
Businesses
910
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1944
1.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04074, Scarborough, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,980 (100%) |
| Owner Occupied HU | 7,257 (66.1%) |
| Renter Occupied HU | 2,431 (22.1%) |
| Vacant Housing Units | 1,292 (11.8%) |
| Median Home Value | $610,244 |
| Average Home Value | $700,977 |
Housing Distribution
Address Breakdown
Residential
10,395
Single Family
9,453
Multi-Family
942
Businesses
910
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices